The typical asking rate per listing is in the $30's per square foot per year. The Southern Baltimore region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Greater Baltimore market, the Southern Baltimore region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 31 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this market were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Southern Baltimore residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.