Baltimore Market Status

Median Rate
$24
/sqft/yr
Since 90 days ago
$-6
/sqft/yr
Median Size
2,920
sqft

Concentration of Listing Postings in Baltimore

Baltimore Rates

Most listings are in the $20's per square foot per year. The Baltimore region is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 23% decline in rent.

Compared to the rest of the Greater Baltimore market, the Baltimore region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Baltimore Listing Supply

In the last 90 days, 146 listings have come on the market, so you'll want to check back regularly for new listings. About 66% of the available space in the Baltimore 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,920 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1927 and are Class A.

Baltimore Community

Subleases

73%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Baltimore $24 285,430 sqft
2. Washington Village $ 100,700 sqft
3. Pratt Monroe $ 45,000 sqft
4. Inner Harbor $21 36,600 sqft
5. Broadway East $ 33,380 sqft
6. Risterstown Station $ 27,810 sqft
7. Claremont - Freedom $ 23,400 sqft
8. Orangeville $ 23,000 sqft
9. Otterbein $19 20,850 sqft
10. Waltherson $ 15,500 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket