Wednesday, January 28, 2009

Baltimore Commercial Real Estate

BuildingSearch.com offers numerous Baltimore commercial real estate listings. Thousands of commercial real estate listings in Baltimore are tracked on our site including mixed use, retail, and industrial developments. Make sure to include the various Baltimore commercial real estate categories, including Bio-Tech/Med, Office/Retail and Multifamily/Investment while searching for Baltimore commercial real estate listings. 

Baltimore is an independent city and the largest city in the state of Maryland in the United States. The city is a major U.S. seaport, situated closer to major Midwestern markets than any other major seaport on the East Coast. 

Baltimore is a national leader in key business sectors like health care, life sciences, tourism, finance and real estate. Baltimore commercial real estate is home to world class higher educational institutions and cultural attractions. Baltimore’s stunning Inner Harbor and its diversity of neighborhoods are world-renown examples of urban revitalization, with much more growth to come with commercial real estate inBaltimore growing. 

Once an industrial town, with an economic base focused on steel processing, shipping, auto manufacturing, and transportation, Baltimore commercial real estate contributes to the economy which is now a modern service economy. Although deindustrialization took its toll on the city, costing residents many jobs, the city is a growing financial, business, and health service base for the southern Mid-Atlantic region. 

Greater Baltimore commercial real estate is home to six Fortune 1000 companies, Constellation Energy, Grace Chemicals (in Columbia), Black & Decker (in Towson), Legg Mason, T. Rowe Price, and McCormick & Company (in Hunt Valley). Other companies that call Baltimore home include, Brown Advisory, Alex Brown, a subsidiary of Deutsche Bank (of Baltimore origin, and at the time of its acquisition, the oldest continuously-running investment bank in the United States), FTI Consulting, Vertis, Thomson Prometric, Performax, Sylvan Learning/Laureate Education, Under Armour, DAP, 180°, Old Mutual Financial Network, and Advertising.com. 

Baltimore commercial real estate also provides a home to the Johns Hopkins Hospital, which will serve as the center of a new biotechnology park. The park, one of two such projects currently under construction in the city, will provide room for medical/technology upstarts as well as industry giants to tap into the wealth of knowledge in BaltimoreBaltimore is widely regarded as one of the world's most important depositories of medical knowledge. 

Year after year, Greater Baltimore commercial real estate ranks among the nation's top twenty markets in key retail categories. Tourism, spurred on by the opening or expansion of downtown attractions, has boosted construction and the success of the Inner Harbor renovation has lured city residents back downtown. Tourism in Baltimore brought increased revenues, with increased hotel occupancy rates, convention–related spending, overall air travel to the city, increased tax revenues and growth in the number of leisure and hospitality jobs. Baltimore commercial real estate is a great choice for both new and existing companies. Baltimore commercial real estate has many incentive programs, including local, state and job training programs. The Economic Alliance of Greater Baltimore helps businesses to access the broad range of competitive incentives offered by the State of Maryland and local jurisdictions, as well as Baltimore Gas and Electric. Municipalities and the State of Maryland offer attractive financing programs including industrial revenue bonds, small business and high technology loans, and community development block grants. Many of these loans offer interest rates that are below market. Grow, open, expand or relocate your company with commercial real estate in Baltimore

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