The Advantage of Leasing Office Space in Baltimore County
Leasing office space in Baltimore County presents numerous benefits for businesses, offering a strategic advantage in terms of location, economic environment, and flexibility. The county’s proximity to major cities combined with excellent transportation infrastructure, provides easy access to a wide network of clients and resources. Additionally, Baltimore County’s diverse economy and supportive business climate make it an ideal location for companies to thrive.
St. John Properties owns and manages more than 100,000 square feet of commercial space across 20 business communities in Baltimore County. Our properties offer flexible spaces in highly accessible locations from Arbutus to Sparks, and capitalize on the convenience and vitality of Baltimore County.
A Strategic Location
Leasing office space in Baltimore County holds significant strategic advantages due to its prime location. Situated near major cities like Washington, D.C., and Philadelphia, businesses benefit from access to a large and diverse market, fostering opportunities for growth and collaboration.
This central location is further enhanced by Baltimore County’s robust transportation infrastructure, including major highways such as I-95 and I-83, Baltimore/Washington International Thurgood Marshall Airport, and efficient public transit systems, ensuring seamless connectivity for both employees and clients.
Additionally, Baltimore County’s location offers advantages beyond business operations, particularly for employees with families. The county is known for its high quality of life, with access to excellent educational institutions, from well-regarded public and private schools to prestigious universities like The University of Maryland Baltimore County (UMBC) and Towson University. The region also boasts a variety of family-friendly amenities, including parks, recreational facilities, cultural attractions, and healthcare services.
For families, living in Baltimore County means enjoying a balanced lifestyle with proximity to both urban conveniences and suburban tranquility. The area offers a range of housing options, from vibrant city neighborhoods to peaceful suburban communities like Greenleigh in Middle River, catering to different lifestyle preferences and needs. Furthermore, the county’s diverse and inclusive community provides a welcoming environment for families from various backgrounds.
Economic Stability and Growth
Baltimore County boasts a robust and diverse economy, contributing to its stability and growth. Key sectors include healthcare, education, finance, and technology, all of which provide a solid foundation for sustained economic performance. The presence of major employers like Johns Hopkins University, the University of Maryland Medical System, and T. Rowe Price underlines the county’s strength in the research, education, medical and financial industries.
The county’s economy benefits from a supportive business environment fostered by local government initiatives. Various incentives, including tax credits, grants, and business development programs, are available to attract and retain businesses. For instance, the Baltimore County Department of Economic and Workforce Development offers various programs that have helped to maintain an unemployment rate of around 2.2% as of 2023, below the national average.
Educational institutions also play a crucial role in driving economic growth. Towson University alone has an economic impact of over $2.1 billion annually in Maryland. These institutions not only provide high-quality education and training but also engage in research and development activities that spur innovation and attract investment. The skilled workforce emerging from these institutions is a significant asset for businesses, enhancing productivity and competitiveness.
In summary, Baltimore County’s economic stability and growth are underpinned by a diverse economy, supportive business environment, strategic location, and strong educational institutions.
Flexibility
Baltimore County provides exceptional flexibility for business owners, making it an ideal location for a wide range of enterprises. One of the primary ways it offers flexibility is through its diverse range of available office spaces. Whether a business is looking for a modern coworking space, a traditional corporate office, or an industrial facility, St. John Properties has more than 5 million square feet of business space in Baltimore County to suit every need and budget. This variety allows businesses to choose spaces that perfectly align with their operational requirements and financial capabilities.
Another key aspect of flexibility in Baltimore County is the supportive regulatory environment. The county government actively works to streamline business processes, offering resources and assistance to help businesses navigate local regulations. Programs like the Baltimore County Boost Fund provide loans to small businesses, aiding in their establishment and expansion. Additionally, the county offers tax incentives and credits, such as the Job Creation Tax Credit, which can significantly reduce operating costs and provide financial flexibility.
Lastly, the county’s commitment to infrastructure development ensures that businesses have access to modern facilities and utilities. Investments in high-speed internet, energy, and transportation infrastructure support business operations and growth. The presence of top-tier educational institutions also means businesses have access to a steady stream of skilled labor, which adds another layer of operational flexibility.
Takeaway
Leasing office space in Baltimore County offers strategic benefits for businesses, including a prime location with excellent transportation links, a robust and diverse economy, and flexible leasing options. The county’s proximity to major cities, supportive business environment, and high quality of life for employees make it an ideal choice for companies looking to thrive. With strong infrastructure, educational institutions, and government incentives, Baltimore County provides a dynamic and adaptable setting for business success.
