Baltimore 2019 Q2 Office Market Reports

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Overall and Class A asking rents decline, rates vary by submarket

In the second quarter of 2019, the overall average office asking rent stood at $23.39 per square foot (psf) in the Baltimore market, reflecting slight annual and quarterly decreases of 1.4% and 0.3%, respectively. Rents ranged from a low of $13.93 per square foot in the Carroll County submarket, to $29.57 psf in Anne Arundel. Class A rents decreased 2.8% year-over-year and held flat from the first quarter, now at $26.10 psf. 

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