Northern Baltimore Office Space

Northern Baltimore

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Northern Baltimore Rates

The typical asking rate per listing is in the $10's per square foot per year. The Northern Baltimore region is going through a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 64% decrease in rent.

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

Northern Baltimore Listing Supply

In the last 90 days, 40 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,180 sqft. Most buildings in this market are close to 3 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 occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.