Northern Baltimore Office Space

Northern Baltimore

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,500
As of: July 22, 2017

Northern Baltimore Rates

Most listings are in the $10's per square foot per year. The Northern Baltimore region is experiencing a decline in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 47% decrease in rent.

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

Northern Baltimore Listing Supply

In the last 90 days, 21 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 52% of the office spaces in the Northern Baltimore are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1920 and are Class C.

Northern Baltimore Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Northern Baltimore residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northern Baltimore.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northern Baltimore.
Research