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 119,000 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 2016 and 2017, 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
• $1.242 billion retail dollars were spent last year in Downtown
• Downtown has 28.2 million sq feet of office space
• 488 hotels rooms were under construction in 2017, with 718 more coming in the next six years, helping to accommodate our 25 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?