Greater Baltimore Office Space

Greater Baltimore

Office Space Market Report

Number of Listings (last 90 days)
591
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,950
As of: July 21, 2017

Greater Baltimore Rates

On average, listings lease in the $20's per square foot per year. The Greater Baltimore region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.

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

Greater Baltimore Listing Supply

In the last 90 days, 591 listings have been made available, so you'll want to check back regularly for new listings. About 118% of the office spaces in the Greater 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,290 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built in 1983 and are Class B.

Greater Baltimore Community

Market Report

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

Market Data

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