Investment banking occupiers in Baltimore typically cluster in Harbor East, plan ~215 sqft per seat at trophy fit-out ($220–310/sqft), and pay around 30 USD/sqft ($30 USD) on Class A.

• Preferred submarket: Harbor East.
• Typical fit-out spec: Trophy ($220–310/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 30 USD/sqft ($30 USD).
• Typical lease: 10 years with 14 months rent-free.
• Talent depth in Baltimore: 76/100.

TL;DR

• Preferred submarket: Harbor East.
• Typical fit-out spec: Trophy ($220–310/sqft).
• Plan ~215 sqft per seat for headcount sizing.
• Class A rent context: 30 USD/sqft ($30 USD).
• Typical lease: 10 years with 14 months rent-free.
• Talent depth in Baltimore: 76/100.

Where they cluster

Investment banking occupiers in Baltimore typically anchor in Harbor East. Banking, energy (Exelon), law firms, hospitality HQs, professional services.

What they pay

Class A rent in Baltimore runs 30 USD/sqft ($30 USD) on a 10-year lease with 14 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical investment banking fit-out targets trophy specification at $220–310/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount banking office in Baltimore typically targets 21,500 sqft of leasable area.

Talent angle

Bulge-bracket teams favor signature trophy assets with full client-facing programming and large floor plates. Among the deepest healthcare and biotech talent pools on the East Coast — anchored by Johns Hopkins, University of Maryland, and a deep federal cybersecurity (NSA, NIST) cluster. Strong cybersecurity talent supports Fort Meade-adjacent demand.

Tax and lease context

Headline corporate tax: 27.8%. Modified-gross structures. 10-year terms standard. Free rent of 12-16 months and TI of $80-$110/sqft typical on a 10-year Class A deal.

Key facts

Frequently asked questions

Where do investment banking occupiers lease office space in Baltimore?

Most cluster in Harbor East. Rent runs ~30 USD/sqft ($30 USD) for trophy and prime stock.

What fit-out spec do investment banking occupiers run in Baltimore?

Typically trophy at $220–310/sqft.

How much office space per seat should a investment banking occupier plan in Baltimore?

Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.

What NAICS codes describe the investment banking vertical?

Representative NAICS 2022 codes: 523150, 522110.

What is the talent index in Baltimore?

76/100. Use the city profile for full detail.

Related

• Investment banking — global overview
• Baltimore — full city profile
• Financial services in Baltimore
• Asset management in Baltimore
• Legal services in Baltimore
• Big tech in Baltimore

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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