Real estate and infrastructure occupiers in Baltimore typically cluster in Harbor East, plan ~215 sqft per seat at high-end fit-out ($155–220/sqft), and pay around 30 USD/sqft ($30 USD) on Class A.

  • Preferred submarket: Harbor East.
  • Typical fit-out spec: High-end ($155–220/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.

Real estate and infrastructure office space in Baltimore

Real estate and infrastructure occupiers in Baltimore typically cluster in Harbor East, plan ~215 sqft per seat at high-end fit-out">fit-out ($155–220/sqft), and pay around 30 USD/sqft ($30 USD) on Class A.

TL;DR

  • Preferred submarket: Harbor East.
  • Typical fit-out spec: High-end ($155–220/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

Real estate and infrastructure 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 real estate and infrastructure fit-out targets high-end specification at $155–220/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

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

Talent angle

Sponsor and asset-management teams favor trophy CBD addresses with proximity to investment-banking and law-firm tenancy. 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

cityBaltimore
industryReal estate and infrastructure
naics531, 237
preferredSubmarketHarbor East
preferredFitoutSpecHigh-end
fitoutBand$155–220/sqft
sqftPerSeat215
classARentLocal30 USD/sqft/yr
classARentUsd$30/sqft/yr
vacancyPct21.4%
typicalLeaseYears10
typicalRentFreeMonths14
talentIndex76
corporateTaxPct27.8%

Frequently asked questions

Where do real estate and infrastructure 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 real estate and infrastructure occupiers run in Baltimore?
Typically high-end at $155–220/sqft.
How much office space per seat should a real estate and infrastructure occupier plan in Baltimore?
Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft.
What NAICS codes describe the real estate and infrastructure vertical?
Representative NAICS 2022 codes: 531, 237.
What is the talent index in Baltimore?
76/100. Use the city profile for full detail.

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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.

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