Most listings are in the $30's per square foot per year. The Downtown Baltimore region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Greater Baltimore market, the Downtown Baltimore region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 49 listings have been posted online, so you'll want to check back regularly for new listings. 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 6,650 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 12 floors. Most buildings in this area were built in 1929 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 around 20 minutes a day is the norm for those who opt to reside in this part of town.