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 119,600 employees and nearly 43,000 residents, Downtown Baltimore is the 11th-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 2018, we’re working hard to keep up with the demand of professionals working and living Downtown.

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 42,913 residents
• $1.119 billion retail dollars were spent last year in Downtown
• Downtown has 30.1 million sq feet of office space
• 410 hotels rooms were under construction in 2018, with 965 more coming in the next five years, helping to accommodate our 26 million annual visitors.

OPPORTUNITY ZONES

Economic development in Downtown Baltimore is getting a boost from the Opportunity Zone legislation and the tax benefits that come along with it. Much of central Downtown is considered an opportunity zone, allowing investment options that are unparalleled. Take advantage of this 10-year tax incentive program to invest in the core of Downtown, where as the number above state, is the economic engine of the City.

The opportunity zone boundaries are Paca to President Street, and Pratt Street to Franklin Street. Contact Claudia Jolin for development and investment opportunities.


INVESTMENT INCENTIVES

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

Superblock Announcement

The Westside Partners— Landmark Partners, Vitruvius Co., Partnered and Mayson Dixon — are working to redevelop the Superblock in the Bromo Arts District. The group has partnered with Gensler, a design and architecture company and Cohere, a creative agency that specializes in neighborhood-focused development. The Westside Partners team hopes to complete the design plan by the end of 2020.

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Big Changes on Redwood St

Byrnes & Associates and Dave Gupta acquired the Vickers Building at 225 E. Redwood and Garrett Building at 233 E. Redwood. The buildings will undergo $5 million in renovations and a rebranding to add new names and office and event space to the historic block. Plans forretail to engage the Charles Center growing residential base are in the works with a "mainstreet" concept.

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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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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.

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?

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.

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