Most listings are in the $20's per square foot per year. The Central Baltimore submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Central Baltimore submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 38 listings have come on the market, which means listings most likley are going fast. 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 2,785 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 6 stories. Most buildings in this market were built in 1949 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 market. Commute by car is the most popular way to get to work amongst Central Baltimore folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.