Most listings are in the $30's per square foot per year. The Downtown Baltimore submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease 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 region.
In the last 90 days, 49 listings have been listed, so you'll want to check back regularly for new listings. About 84% of the listings in the Downtown Baltimore are subleases, so you might be able to find a shorter term or below market rent. 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 6,660 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 7 stories. Most buildings in this region 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 region. Commute by bike is the most popular way to get to work amongst Downtown Baltimore occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.