Baltimore, Maryland, is a prime location for businesses seeking to establish a strong presence in the Mid-Atlantic region, with its unique blend of history, culture, and economic opportunities making it an attractive destination for companies and entrepreneurs alike. With a thriving port industry and a strong tourism sector, Baltimore offers a diverse range of opportunities for businesses to thrive. The city's infrastructure, including the Maryland Transit Administration (MTA Maryland) bus network, light rail network, and subway line, as well as the Charm City Circulator shuttle bus service, makes it easy for employees and customers to navigate the city. Additionally, Baltimore is home to two major airports, Baltimore–Washington International Thurgood Marshall Airport (BWI) and Martin State Airport, providing easy access to national and international markets. The city's many amenities, including the National Aquarium, historic ships, and world-class educational institutions like Johns Hopkins University, make it an attractive location for businesses and individuals alike.
When it comes to Commercial Real Estate Properties For Lease in Baltimore, businesses have a wide range of options to choose from. With 380 available listings, companies can find the perfect space to suit their needs. The average annual rent per square foot is $20 USD, with average space sizes ranging from 15,297 square feet to 696,960 square feet. In addition to Commercial Real Estate Properties, Baltimore also offers a range of other property types, including Office Space, with its many amenities and transportation options making it an attractive location for businesses; Coworking Space, providing flexible and collaborative work environments; Retail Space, with its many shopping districts and tourist attractions; and Industrial Space, with its access to major transportation hubs and logistics infrastructure. Whatever the business needs, Baltimore has a property type to suit.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Baltimore, there are several key factors to consider, including:
- Location: proximity to major transportation hubs like Penn Station and Baltimore-Washington International Thurgood Marshall Airport, as well as access to amenities like the Inner Harbor and Federal Hill Park, can impact foot traffic and employee convenience;
- Space requirements: with an average size of 15,297 square feet and a maximum space size of 696,960 square feet, it's essential to determine the right fit for your business needs;
- Cost: with an average annual rent of $20 USD per square foot, it's crucial to factor in the total cost of the lease, including utilities, maintenance, and other expenses, to ensure it aligns with your business budget, and with 380 available listings to choose from, you can find a space that meets your needs and budget.
How do I determine the right size and type of commercial property to rent for my business needs?
Determining the right size and type of commercial property to rent for your business needs in Baltimore requires careful consideration of several factors. To get started, consider the following key factors to help you make an informed decision:
- Average size of commercial properties available for lease in Baltimore, which is approximately 15,297 square feet, and the maximum space size available, which is around 696,960 square feet.
- Your business's specific needs, such as the number of employees, equipment requirements, and storage needs, to determine the ideal square footage and layout for your operations.
- The average annual rent per square foot, which is around $20 USD, to ensure you're staying within your budget and getting the best value for your money.
