Baltimore office insight - Q2 2018
Similar to Q1, the largest new lease of the quarter landed in Howard County, where Allstate leased 66,000 s.f. at 6514 Meadowridge Road. However, the deal comes as a consolidation of several suburban locations, and not net growth in the market.
Similar to the Allstate lease in Howard County, demand from tenants in the market continued to largely be driven by lease expirations, suggesting sluggish occupancy growth will continue in the coming quarters.