On average, listings lease in the $30's per square foot per year. The Central Baltimore submarket is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Greater Baltimore market, the Central Baltimore region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 82 listings have come on the market, so you'll want to check back regularly for new listings. About 113% of the available leases in the Central Baltimore are subleases, so you might be able to snag a great spot on a short term. 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 6,180 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 6 floors. Most buildings in this region were built in 1925 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Central Baltimore folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.