On average, listings lease in the $10's per square foot per year. The Northern Baltimore region is seeing a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 64% decline in rent.
Compared to the rest of the Greater Baltimore market, the Northern Baltimore region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 41 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,180 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1920 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Northern Baltimore folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.