Baltimore has approximately 70 million square feet of commercial space, with proximity to Washington DC creating a significant government and defense contractor presence. The biotech and Johns Hopkins medical corridor is a key submarket. The Inner Harbor area has Class A office.
By Angel Campa, Founder · Updated March 2026
Commercial Space
70M sq ft
Avg Office Rent
$22–$38/sq ft
Vacancy Rate
20%
Avg Lease Term
5–10 years
Baltimore CBD and Inner Harbor use FSG or Modified Gross. Biotech campus leases near Johns Hopkins include lab-specific provisions. Government contractor leases have security provisions similar to DC.
Maryland Landlord–Tenant Guide
State-specific commercial lease laws, notice periods, and tenant rights for Maryland →
Many Baltimore tenants are government contractors and federal agencies, bringing DC-style FSG leases and security addenda into the market. Termination-for-convenience provisions tied to federal contract renewals are common.
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