Baltimore Medical

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Himmelrich Associates INC
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817 N Calvert St - Entire Building Mount Vernon, Baltimore, MD operating expenses: $12,918.60
Jul 26
12,070
sqft
For Sale Office Medical
404 N Castle St - Entire Building Dunbar Broadway, Baltimore, MD large sanctuary and HVAC
May 09
13,690
sqft
For Sale Office Medical Retail Mixed Use

Baltimore

Market Report

Number of Listings
Posted in the last 90 days
85
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,960

Baltimore Rates

The typical asking rate per listing is in the $20's per square foot per year. The Baltimore region is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 21% decline in rent.

Compared to the rest of the Greater Baltimore market, the Baltimore submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Baltimore Listing Supply

In the last 90 days, 1129 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the available leases in the Baltimore are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,920 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1927 and are Class A.

Baltimore Community

Market Data

Real time and historical data on commercial real estate listings in Baltimore.
Research