Baltimore, Maryland, is a prime location for office space, offering a unique blend of history, culture, and economic opportunity. With its strategic location on the Patapsco River, near the Chesapeake Bay, Baltimore provides access to a diverse range of industries, including the port industry, tourism, and manufacturing. 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 an attractive location for businesses. Additionally, Baltimore is home to two major airports, Baltimore–Washington International Thurgood Marshall Airport (BWI) and Martin State Airport, and is a top destination for Amtrak along the Northeast Corridor, with Penn Station being one of the busiest rail stations in the country. The city's many amenities, including the Johns Hopkins Hospital, the Hippodrome Theatre, and the National Aquarium, make it an ideal location for office space for lease.
With 165 office spaces available for lease, Baltimore offers a range of options for businesses looking to establish or expand their presence in the city. The average annual rent per square foot is $21 USD, with average space sizes ranging from 14,073 square feet to 309,000 square feet. In addition to office space, Baltimore also offers a range of other property types, including coworking space, flex space, medical offices, and retail space. Coworking spaces in Baltimore provide a collaborative and innovative environment for startups and entrepreneurs, while flex spaces offer a flexible and adaptable solution for businesses with changing needs. Medical offices in Baltimore are well-positioned to take advantage of the city's strong healthcare industry, and retail spaces offer a prime location for businesses looking to connect with the city's vibrant consumer base. With its unique blend of history, culture, and economic opportunity, Baltimore is an attractive location for businesses looking to establish or expand their presence in the city.
What is the average size of office space for lease in the Baltimore market?
In the Baltimore market, the average size of office space for lease is 14,073 square feet, with a range of options available to suit various business needs, from small startups to large corporations, and with 165 listings to choose from.
Are there different types of office space leases available?
In Baltimore, Maryland, where there are currently 165 available listings of office space, businesses can choose from various types of office space leases that cater to their specific needs, including:
- Full-service leases, which typically include utilities, maintenance, and property taxes in the rent, with an average annual rent of $21 USD per square foot;
- Modified gross leases, which may include some utilities and services, but not others, and often have a base rent plus additional charges for expenses;
- Triple net leases, where the tenant is responsible for paying property taxes, insurance, and maintenance costs, in addition to the base rent, which can be beneficial for long-term leases in larger spaces, such as those up to 309,000 square feet.
