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Office capital markets activity climbs across Baltimore suburbs over summer months

  • Dominated by trades of suburban portfolios, office sales have accelerated in the summer months. Through the month of August, office sale volume across the Baltimore metro area in 2017 of $760 million has already exceeded 2016’s annual volume of $611 million. 
  • Since May, 87.4% of transaction volume has fallen in the suburbs rather than Baltimore City. Major trades have included a $47.5 million disposition by COPT in White Marsh, a $30.1 million acquisition of Lakeview I & II by CSG Partners in Columbia, and $67.3 million of acquisitions by Mid-Atlantic Healthcare spanning from Glen Burnie to Hunt Valley.
  • With several downtown towers actively on the market for sale, additional high-profile trades are anticipated in the coming months. Among the largest is the Wells Fargo Tower at 7 St. Paul Street in the CBD. CWCapital Asset Management put the 377,527 SF building back on the market after a foreclosure earlier in the year.​

Source: JLL Research

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