The typical asking rate per listing is in the $30's per square foot per year. The Downtown Baltimore region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Greater Baltimore market, the Downtown Baltimore region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 49 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,650 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 12 floors. Most buildings in this market were built in 1929 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Baltimore folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.