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United States | Baltimore, MD

Report | Baltimore Office Insight - Q4 2015

Summary

Q4 was an especially good one for Baltimore's Class A market, although not the same can be said for all areas of the market.

Several submarkets—from Baltimore City to the suburbs—saw Class A vacancy rates fall below 10 percent. However, help is on the way for tenants in 2016 who want Class A space with several new projects scheduled for delivery—including Exelon's 420,000-square-foot headquarters at Harbor Point.

Landlords holding CBD Class B space didn't fare as well as their Class A counterparts. Vacancy rates for Class B buildings jumped to 23 percent, with many tenants looking for more modern and efficient space.

Learn more about what's happening—and what we expect to occur in the coming months—in the Baltimore office market in our Q4 US Office Insight.

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