Baltimore, MD Commercial Real Estate Market Trends & Data

What Are Current Commercial Real Estate Benchmarks in Baltimore?

Baltimore commercial properties are averaging $178 per square foot to buy and $542 per square foot to lease, with cap rates near 9.76% across asset types. The data below covers sale prices, lease rates, cap rates, and building sizes by property type to support early-stage market evaluation.

Explore Commercial Properties in Baltimore

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

Commercial Property For Sale in Baltimore

Commercial Property For Rent in Baltimore

Baltimore's Demographic Profile

Baltimore has 239,426 households and a median income of $55,645, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metrics	Value
Population	556,616
# Households	239,426
Median age	38
Median household income	$55,645
Avg household size	2
Renter-occupied housing units	138,416
5-year population change	-4%

Commercial Real Estate Market Snapshot in Baltimore

Use the benchmarks below to set initial underwriting baselines for Baltimore, typical deal size, entry costs, and cap rate ranges by asset type before evaluating individual listings.

Key Market Metrics	Value
Avg asking sale price	$178 per SF
Avg asking lease rate	$542 per SF
Avg unit size for lease	19,113 SF
Avg building size for sale	29,839 SF
Average cap rate	9.76%

The 9.76% average cap rate reflects current return expectations relative to Baltimore pricing and deal scale. Use this alongside asking prices and lease rates to establish initial underwriting assumptions.

Commercial Properties For Sale In Baltimore

The listings below reflect how current market pricing and building scale translate into active opportunities available today.

For Sale

Long-Term Single Tenant | Event Space

Baltimore, MD 21202

24,719 SF Retail Building
Auction Sale

For Sale

Fully Leased to the State of Maryland

Baltimore, MD 21215

84,674 SF Office Building
Auction Sale

For Sale

Income-Producing Long-Term Leases | Value-Add

Baltimore, MD 21201

13,333 SF Office Building
Auction Sale

For Sale

Mixed-Use Zoned | Value-Add Opportunity

Baltimore, MD 21218

5,000 SF Office Building
Auction Sale

For Sale

One North Charles

Baltimore, MD 21201

290,423 SF Office Building
$10,000,000

For Sale

Origin Baltimore Terminal

Baltimore, MD 21226

41.10 AC Lot
1 Industrial Lot
Price Upon Request

For Sale

RGH Products

Baltimore, MD 21223

124,260 SF Flex Building
Price Upon Request

For Sale

2810 Saint Paul St

Baltimore, MD 21218

3,120 SF Multifamily
9.49% Cap Rate
$470,000

Commercial Market Metrics by Property Type

Office Building Market Metrics Near Baltimore

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Nearby Office Markets	Avg Cost/SF	Typical Size	Cap Max
Baltimore	$139	30,891 SF	14.47%
Glen Burnie	$350	4,973 SF	8.00%
Towson	$179	8,749 SF	9.00%
Nottingham	$162	13,427 SF	10.00%

Industrial Property Market Metrics Near Baltimore

Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.

Nearby Industrial Markets	Avg Cost/SF	Typical Size	Cap Max
Baltimore	$157	32,104 SF	7.70%
Rosedale	$164	27,184 SF	10.00%

Retail Property Market Metrics Near Baltimore

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Nearby Retail Markets	Avg Cost/SF	Typical Size
Baltimore	$188	18,471 SF
Glen Burnie	$444	8,006 SF
Nottingham	$231	13,133 SF
Columbia	$478	7,332 SF
Annapolis	$813	4,026 SF

Multifamily Property Market Metrics Near Baltimore

Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.

Nearby Multifamily Markets	Avg Cost/SF	Typical Size	Cap Max
Baltimore	$138	72,951 SF	21.59%
Washington	$355	42,586 SF	12.00%
Alexandria	$285	5,146 SF	7.00%
York	$138	11,777 SF	9.80%

How Investors Evaluate Commercial Real Estate Markets in Baltimore

Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Baltimore pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.

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Net Operating Income (NOI) Calculator

Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment

Internal Rate of Return (IRR) Calculator

Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.

Cash on Cash Return

Learn How Cash on Cash Return Can Optimize Your Real Estate Investments

Debt Service Coverage Ratio (DSCR) Calculator

Assess Your Investment's Health in Seconds

Gross Rent Multiplier (GRM) Calculator & Investment Guide

Simplifying Your Investment Analysis

Land Loan Calculator

Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.

Balloon Payment Calculator

Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.

Office Space Calculator

Estimate How Much Space Your Team Really Needs

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Baltimore pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets	Avg Cost/SF	Average Size
Baltimore	$178	29,839 SF
Brooklyn	$254	65,665 SF
Curtis Bay	$361	111,269 SF
Arbutus	$222	15,480 SF
Dundalk	$215	30,149 SF

Multifamily For Sale In Baltimore

Multifamily listings shown here connect market pricing and cap rate patterns with income-producing opportunities currently available.

For Sale

Bellevieu Manchester Apartments

Baltimore, MD 21217

31,340 SF Multifamily
21.59% Cap Rate
$2,200,000

For Sale

Preston Street Lofts

Baltimore, MD 21202

8,302 SF Multifamily
$750,000

For Sale

38-50 W Biddle Baltimore, MD 21201

Baltimore, MD 21201

27,710 SF Multifamily
8.66% Cap Rate
$4,650,000

For Sale

1214 Eutaw Pl

Baltimore, MD 21217

33,311 SF Multifamily
$4,200,000

For Sale

1305-1317 N Charles Street

Baltimore, MD

$3,250,000

For Sale

825 N Charles St

Baltimore, MD 21202

5,445 SF Multifamily
$1,149,000

For Sale

400 N Howard St

Baltimore, MD 21201

12,000 SF Multifamily
$900,000

For Sale

1201 S Charles

Baltimore, MD 21230

32,468 SF Multifamily
Price Upon Request

Regional Demographic Comparison

This comparison places Baltimore alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Baltimore or distributed across surrounding areas.

City	Population	# Households	Age	MedianHouseholdIncome	AvgHouseholdSize	RenterOccupiedHousingUnits	FiveYrPopGrowthPct
Baltimore	556,616	239,426	38	$55,645	2	138,416	-4%
Brooklyn	41,056	14,867	36	$56,973	3	7,251	-1%
Curtis Bay	8,330	3,194	38	$83,421	3	1,126	3%
Arbutus	20,666	7,809	37	$89,062	3	2,642	-2%
Dundalk	66,708	24,856	39	$57,614	3	9,735	-1%

FAQs About Commercial Investing in Baltimore

View All Commercial Real Estate For Sale in Baltimore

Is Baltimore a good market for a first-time commercial real estate investor?

Baltimore offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Baltimore?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Baltimore. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Baltimore?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Baltimore. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Baltimore compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Baltimore. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Baltimore acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Baltimore, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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