Most listings are in the $0's per square foot per year. The Federal Hill region is going through a decrease in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 1 listings have been posted online, which means new listings most likley are 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 25,980 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1900 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Federal Hill occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.