Baltimore City, MD Office Spaces for Rent
Find your best Baltimore City, MD office space among 500 for rent listings, which average an asking price of $28.66 per square foot.
Asking prices vary based on the property location, rating, amenities such as proximity to restaurants, cafes, and entertainment venues, as well as convenience of access to public transport, airports, and thoroughfares.
The average rent for office space in Baltimore City is $28.66 per square foot. The minimum rental rate for office space in Baltimore City is $16.5 per square foot. Among listings of office space currently available for lease in Baltimore City, the maximum rental rate is $35 per square foot.
For more details on Baltimore City office space rent and sales prices, as well as overall market quality and new construction data, see Baltimore City Office Market Trends.
Most experts recommend an average of between 75 and 150 square feet of office space per person. However, it is important to keep in mind that how much office space you ultimately need depends on your activity and how you need to use the space, as much as it does on how many people it should accommodate. If you already know what size office would best suit your needs, use the available space size filter at the top of the search page to focus your search on the best fit for you.
However, there is a variety of differently sized opportunities below that maximum. For your consideration, the median size of an office space for lease in Baltimore City is 3,373 square feet, and the average office space size here is 7,195 square feet.
You can find 500 office listing(s) for lease in Baltimore City, which add up to a total of 4,093,821 square feet. Availability on the market includes a variety of office use types, such as General Office, Flex - Industrial, Creative Office, Restaurant, Medical Office.
The most common office use type currently available for lease in Baltimore City is General Office, which is offered in 343 or 68.46% of listings. The second-most frequent office use type listed here is Flex - Industrial, which account for 4 or 0.80% of office space currently available. On the other end of the spectrum, the office use type least common among local listings is R&D - Office, which is available in 1 listing(s).
You can search 16 office sublease listing(s) in Baltimore City, which amount to a total of 248,641 square feet. Sublease opportunities on the market include General Office, Manufacturing, Creative Office. The Baltimore City neighborhood or submarket with the most sublease listings available is Fells Point.
The best choice of neighborhood for your office space will greatly depend on the elements that are most relevant to your business and your employees. However, a good criterion to start with is to look at the areas of the city that have the highest concentration of office properties, as these areas are generally well connected to transit options and have a good degree of amenity availability.
In Baltimore City, the greatest concentration of office space for lease opportunities is in Downtown Baltimore, Inner Harbor, Downtown West Baltimore.
Each individual’s commuting experience will of course be different depending on a number of factors. Check the location description details for the office listings that catch your eye, to get an overview of walkability, access to public transport, the quality of infrastructure dedicated to biking commuters, as well as the proximity to parking facilities, fuel stations, and other essential amenities.
The Baltimore City office market incorporates a mix of properties of various ages, ratings, construction grades, and other quality indicators. Roughly 54.4% of total office space listings in the city are in properties rated Class A. You will find the highest concentration of Class A office space in the Inner Harbor neighborhood of Baltimore City. Class B office space accounts for 22.6% of spaces listed on the leasing market. The neighborhood with the most Class B office space is Downtown Baltimore. Class C office space makes up 2.4% of office space available in Baltimore City.
Buildings completed in and since the year 2000 account for 18.46% of office properties in the city and incorporate a total of 5,256,975 square feet. About 10% of office space in Baltimore City is in buildings that have been renovated at least once since 2000.
Out of the office space listings currently available in Baltimore City, you can find 80 LEED-certified or LEED-proposed option(s). A total of 8 building(s) here earned a LEED-certification — certification level Gold (6), Silver (1). The local market includes 1 LEED-proposed office building(s) awaiting certification in Baltimore City.
There are, of course, a lot of things to factor in when you are looking for office space. Aspects including the accessibility of the location, the quality of the facility, the size of the space, the convenience of nearby amenities, the type and duration of the lease, and of course the cost are all part of the search and decision process. For a quick checklist of what you should take into account when researching the market, consider these seven tips for choosing the best office location for your business. Alternatively, for a comprehensive take on everything to consider when looking for office space, see our in-depth guide to finding office space for small or growing companies. The guide also includes insights from seasoned professionals and can serve as a helpful resource for growing companies, no matter their current size.
Are you looking to lease office space in the vicinity of your current location or in a particular neighborhood of Baltimore City? Using the interactive map, you can easily navigate to your preferred location and customize your search area around a specific point of interest. Select “Radius” from the Search Mode options menu, click on the map to set your search reference point, and expand the radius to select your desired search area. Browse available listings to find the best office space that meets your location, as well as other business needs.
There are a number of factors that make a city attractive for businesses to relocate or expand, as well as for investors to enhance their portfolios through local acquisitions. Among the most important factors to consider are the size and quality of the local office market, which is an essential component of the local economy.
| Building Size Range | Total Square Feet | Share of Total Office |
|---|---|---|
| 50k to 100k Sq. Ft. | 4,375,755 Sq. Ft. | 12.82% |
| 100k to 500k Sq. Ft. | 19,526,478 Sq. Ft. | 57.22% |
| 500k to 1M Sq. Ft. | 6,150,179 Sq. Ft. | 18.02% |
| > 1M Sq. Ft. | 1,204,810 Sq. Ft. | 3.53% |
| Class | Total Square Feet | Share of Total Office |
|---|---|---|
| Class A+ | 975,000 Sq. Ft. | 2.86% |
| Class A | 15,930,062 Sq. Ft. | 46.68% |
| Class B | 15,530,758 Sq. Ft. | 45.51% |
| Class C | 1,686,625 Sq. Ft. | 4.94% |
Baltimore's potential is evident through the recent growth of the life sciences sector in the local economy, as well as its scores for educational attainment and innovation.
Baltimore made its way into the top five as one of three mid-Atlantic region entries in the top 20 and secured its position by consistently performing well across most metrics.
Biotech firm Haystack Oncology recently inked a lease for 20,000 square feet of office and processing lab space at City Garage Science & Technology Center in South Baltimore. The owner of the 135,000-square-foot life sciences building, located at 101 W. Dickman St., is Rockville, Md.-based commercial real estate investor South Duvall.
Baltimore was among the ten Southern cities that made the list of the best cities of Gen Zers in 2022. The city ranked 17th, sandwiched between Nashville and San Antonio.
Live Baltimore is offering a reduction in upfront costs for people looking to buy a home in the city. Its Buying Into Baltimore program is part of the Trolley Tour event, which is designed to familiarize homebuyers with Baltimore’s real estate market.
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