The typical asking rate per listing is in the $30's per square foot per year. The Central Baltimore submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Central Baltimore submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 82 listings have been listed, so you'll want to check back regularly for new listings. About 66% of the available leases in the Central 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.
Even though the median size is 6,660 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1925 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Central Baltimore occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.