Baltimore Market Status

Median Rate
$30
/sqft/yr
Since 90 days ago
$2
/sqft/yr
Median Size
4,200
sqft

Concentration of Listing Postings in Baltimore

Baltimore Rates

On average, listings lease in the $20's per square foot per year. The Baltimore region is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% increase in rent.

Compared to the rest of the Greater Baltimore market, the Baltimore region has more expensive rates, and you'll need to pay a premium 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 1% of the available leases in the Baltimore 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 4,200 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1960 and are Class A.

Baltimore Community

Subleases

1%
Subleases

Under 5000 sqft

40%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Baltimore $18 435,490 sqft
2. Inner Harbor $25 278,770 sqft
3. SBIC - West Federal Hill $ 110,330 sqft
4. Middle East $ 104,720 sqft
5. Kresson $ 80,000 sqft
6. Fairfield $ 48,420 sqft
7. Hampden $33 37,550 sqft
8. Morrell Park $ 36,734 sqft
9. Biddle Street $ 35,800 sqft
10. Fells Point $ 22,790 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket