The typical asking rate per listing is in the $70's per square foot per year. The Southwestern Baltimore region is experiencing a a rise in rates. In the last 3 months, the median rate went up $79 per sqft per year.
Compared to the rest of the Greater Baltimore market, the Southwestern Baltimore submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 140 sqft. Most properties in this region are approximately 1 stories. Most buildings in this area were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Southwestern Baltimore residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.