Report | Baltimore Office Insight - Q1 2016
Tenants remained active in their search of space across Baltimore during Q1, with over 2.2 million square feet of requirements—an 11.3 percent jump from the previous quarter.
The largest new deal of the quarter took place in the CBD, where MECU relocated within the submarket to its new 55,101 square foot Class A space.
Overall, the vacancy rate for Class A blocks across the entire metro area is now at a 10-year low—10.0 percent—with limited new construction over the past three years leaving very few large Class A blocks.
Learn more about what’s happening right now in Baltimore—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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