The typical asking rate per listing is in the $20's per square foot per year. The Downtown Baltimore region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $44 per sqft per year. That's a 61% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Downtown Baltimore region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 8,180 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 12 stories. Most buildings in this region were built in 1964 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Downtown Baltimore occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.