The typical asking rate per listing is in the $20's per square foot per year. The Central Baltimore region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Greater Baltimore market, the Central Baltimore submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 36 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,785 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 6 floors. Most buildings in this area were built in 1950 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Baltimore residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.