WorkDowntown

Why Downtown Baltimore?

The story of the new century is the story of the City, and Downtown Baltimore is leading the way. In Downtown Baltimore you’ll find the biggest business center developing in tandem with the fastest-growing residential area in the region.

With over 122,000 employees and nearly 43,000 residents, Downtown Baltimore is the 10th-largest downtown in the United States, and supports more employment than the geographically larger business districts in nearby Columbia and Towson, combined. And, with major residential units added to the market in 2016, we’re working hard to keep up with the demand of professionals working and living Downtown.

The Numbers

Downtown Baltimore is the most significant economic asset within Baltimore City and the region:

• 35% of all Baltimore jobs are in Downtown
• Downtown neighborhoods are the fastest-growing residential areas with 42,861 residents
• $1.2 billion retail dollars were spent last year in Downtown
• Downtown has 28 million sq feet of office space
• 293 hotels rooms were under construction in 2016, with 574 more coming in the next six years, helping to accommodate our 24 million annual visitors.

Talent

Your business is only as good as its people. Technology makes it possible to operate anywhere in the world. But, in a competitive global economy, more regional executives choose Downtown Baltimore because this is where their best and brightest employees want to be.

Incredible institutions like Johns Hopkins, Peabody, and University of Maryland; serious buzz in the tech start-up world, and  access to public transit, housing, restaurants, and night life are luring young talent to Baltimore everyday. More and more, college grads choose where they want to live before they choose where they want to work- a trend we’re benefitting from here in Baltimore.

BUSINESS ACUMEN

Good things happen when creative people from different industries, backgrounds, and skill sets are in proximity to each other. That’s what drives innovation and it’s why businesses like T. Rowe Price, Under Armour, Legg Mason, PNC, Pandora, and R2i have made Downtown Baltimore their home.

In an isolated business park, it’s hard to find new clients or entertain existing ones. In Downtown, however, all you need to do is walk out your door and there’s a good chance you’ll run into your next big client. And when your out-of-town clients come here for a meeting, they have their pick of world-class hotels, attractions, and restaurants. What better way to show that your business is a player in the regional, national, and international economy?



  • Growing Tech from Scratch

    Politico wrote a great article about Digital Harbor's help in growing tech jobs from scratch through maker education and professional development. This vibrant tech center in Federal Hill regularly draws dozens of kids a week to take courses that promote STEM education.

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  • New Life at Alex Brown Bldg.

    The Tampa Bay based Oxford Exchange is bringing their concept north to Baltimore Street in 2018. Along with the restaurant concept, the Alex Brown building will house a co-working space and additional retail.

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  • Downtown Baltimore Development

    Check out our comprehensive catalog of projects within a one-mile radius of Pratt and Light Streets, including planned, under construction, and recently completed projects.More than half of a billion dollars in projects were delivered in 2016, a figure larger than 2014 and 2015, combined.

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  • Pratt Street Retail

    More retail space is in the works at100 Light St. where Corporate Office Properties Trust is planning to add an upscale, 27,500-square-foot urban retail village on the plaza outside of the Transamerica Tower. This block is currently the home of the weekly Pratt Street Market.

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EVERYTHING YOU NEED

Kayak to work. Shop during lunch. Jog through Downtown’s historic districts around the harbor. Enjoy live music at night, galleries on the weekend, and dinner with friends whenever you feel like it. Downtown Baltimore has waterfront views, green parks and plazas, historic buildings, afternoon Orioles games, and the best restaurants in the region. It’s got parking, transit, and walkability- all in an affordable, accessible urban center.

INCENTIVES

Here's a short list of incentives to do business in Baltimore.