The typical asking rate per listing is in the $30's per square foot per year. The Southern Baltimore region is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Southern Baltimore region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 31 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this region were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Southern Baltimore folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.