Why Baltimore

Baltimore City and its immediate surrounding area are home to 2.8 million people. Baltimore’s affordability, location and ease of access to nearby East Coast cities sets its office market apart from its neighbors. Home to innovators and entrepreneurs, Baltimore ranked among Forbes' Best Places for Business and Careers — and recently ranked fifth on Forbes’ top cities for startups. Among major U.S. metros, Baltimore ranks 12th in downtown population and 13th in downtown employment.

Baltimore has a highly educated and diverse workforce supported by world-class academic institutions.

More and more, students who study at these top universities are choosing to stay in Baltimore after graduation to work. The city’s 10 universities and more than 100,000 students makes Baltimore the 8th most educated metro region in the United States. Forty-four percent of our residents have a bachelor’s degree or higher – 11 percent higher than the nation’s average. Employment drivers include life science, healthcare, government and professional services.

More than 60 federal agencies and research labs are within 30 miles, bringing substantial federal spending and jobs to the city.

Tech jobs have grown by 7.6%since 2016. Johns Hopkins University (JHU) provides a robust pipeline of talent for life sciences innovation in Baltimore. JHU is the largest recipient of federal research dollars nationally. The city has two state-of-the-art biotechnology parks, and numerous other business and industrial parks. Some of Baltimore’s thriving industries include life sciences, technology, hospitality and tourism, logistics, creative industries, and social innovation.

Baltimore is a waterfront city, rich in culture and history.

It is also highly affordable with lower cost of living than Philadelphia, Boston, Washington DC, and New York City.  Baltimore City is a mosaic of small neighborhoods with a strong social fabric, each one unique and deeply rooted in history. The shopping scene offers a mix of local purveyors and as a foodie town, it offers something for everyone. In and around Baltimore City, large entertainment venues and world-renowned events sit at your doorstep, including The Hippodrome, Oriole Park at Camden Yards, the CFG Bank Arena, M&T Bank Stadium and Pimilco Race Course. Cultural hotspots like Mount Vernon, Station North, Bolton Hill, and the Bromo Arts District make top-notch arts and entertainment accessible. There is no shortage of activities for people of all ages.  

The Baltimore Economic Dashboard provides key metrics and data for businesses and site selectors to make informed decisions about locating or investing in Baltimore City.