Baltimore Retail Market Report
By PropZone Research · Data through Q3 2023 · Aggregated from CBRE US Cap Rate Surve, Cushman & Wakefield, Colliers
Quarterly retail market indicators for Baltimore, aggregated by PropZone from CBRE US Cap Rate Surve, Cushman & Wakefield, Colliers. As of Q3 2023, average asking rent was $25.01/SF with a 6.1% vacancy rate.
Projected current retail pricing — Baltimore
low confidenceProjected asking rent
$25.01/SF/yr
Estimated sale value
$226–$285/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2023 multiple brokerages data (cap rate 6.8%, asking rent held flat). Assumes ~94% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q3 2023 | $25.01/SF | 6.1% | — | — | CBRE US Cap Rate Surve |
| Q3 2023 | $25.01/SF | 5.8% | -13.1M SF | — | Cushman & Wakefield |
| Q3 2023 | — | 6.4% | 274K SF | — | Colliers |
| Q2 2017 | $11.20/SF | 9.0% | 250K SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for retail space in Baltimore?
- As of Q3 2023, the average asking rent for retail space in Baltimore was $25.01/SF, per CBRE US Cap Rate Surve.
- What is the retail vacancy rate in Baltimore?
- The retail vacancy rate in Baltimore was 6.1% as of Q3 2023 (CBRE US Cap Rate Surve).
- Where does PropZone's Baltimore market data come from?
- This report aggregates quarterly retail market data for Baltimore from CBRE US Cap Rate Surve, Cushman & Wakefield, Colliers.
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