The typical asking rate per listing is in the $20's per square foot per year. The Northern Baltimore region is seeing a an increase in rates. In the last 3 months, the median rate went up $30 per sqft per year.
Compared to the rest of the Greater Baltimore market, the Northern Baltimore region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 21 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the Northern Baltimore are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,430 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this region were built in 1920 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Northern Baltimore folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.