Baltimore Market Status

Median Rate
$32
/sqft/yr
Since 90 days ago
$24
/sqft/yr
Median Size
6,420
sqft

Concentration of Listing Postings in Baltimore

Baltimore Rates

The typical asking rate per listing is in the $30's per square foot per year. The Baltimore region is experiencing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.

Compared to the rest of the Greater Baltimore market, the Baltimore region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Baltimore Listing Supply

In the last 90 days, 146 listings have been made available, so you'll want to check back regularly for new listings. About 173% of the listings in the Baltimore are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,650 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1927 and are Class A.

Baltimore Community

Subleases

88%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Baltimore $24 783,830 sqft
2. SBIC - West Federal Hill $ 334,930 sqft
3. Little Italy $ 239,210 sqft
4. Inner Harbor $26 228,840 sqft
5. Locust Point $ 93,000 sqft
6. Morrell Park $ 68,560 sqft
7. Middle East $ 53,600 sqft
8. Remington $ 41,380 sqft
9. Brewer's Hill $ 33,680 sqft
10. Broadway East $ 33,380 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket