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Big box industrial leasing accelerates as development pipeline ramps up with speculative construction

  • ​As existing large blocks of availability have dwindled, speculative development has continued to grow across the Baltimore Metro market. Development projects including Principio, Eastgate, and Tradepoint Atlantic are attracting new tenants in the market, pulling potential requirements from neighboring markets such as Central Pennsylvania and New Jersey.
  • New supply has been driven by demand from users over 200,000 s.f., which has steadily grown since 2013. Tenants in the market are projected to push 2017 past the previous year’s record activity.
  • The current development pipeline underway that is scheduled to deliver through year end totals 4.5 m.s.f. and is 47% preleased, with another 7 m.s.f. planned to begin construction in the near future. This development has pushed deliveries to a projected all-time high in 2017 as requirements grow larger from tenants across the market​.​

Source: JLL Research

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