On average, listings lease in the $20's per square foot per year. The Inner Harbor submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Greater Baltimore market, the Inner Harbor region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 28 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 21% of the available leases in the Inner Harbor 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,850 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 28 stories. Most buildings in this region were built in 1980 and are Class A.
Finance and insurance are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Inner Harbor folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.