On average, listings lease in the $20's per square foot per year. The Downtown Baltimore submarket is going through a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the Greater Baltimore market, the Downtown Baltimore region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 22 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,785 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 12 floors. Most buildings in this area were built in 1963 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Baltimore residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.