The typical asking rate per listing is in the $30's per square foot per year. The Inner Harbor region is seeing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Greater Baltimore market, the Inner Harbor submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 28 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the Inner Harbor are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 8,290 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 28 stories. Most buildings in this area were built in 1980 and are Class A.
Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Inner Harbor occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.