Home > Research > U.S. Market Reports Detail

U.S. Market Reports

Baltimore Market Reports

Baltimore Office Market

Average Asking Rent (Price/SF) $23.61
Vacancy Rate (%) 12.8%
Net Absorption (SF) -648

The Baltimore metro area's office market showed consistent overall vacancy and rising asking rents through the first half of 2018. However, net absorption for Baltimore's office market measured just 2,651 square feet through the first half of 2018, as the market stabilizes from the 957,451 square feet of absorption recorded in 2017. For the second quarter of 2018, absorption was essentially flat, measuring negative 648 square feet. Asking rents rose by 0.9% over the quarter to $23.61/SF, the highest level recorded in metro Baltimore during this cycle. Over the past 12 months asking rents have increased by 3.1%, demonstrating the appeal of metro Baltimore's office market.

Baltimore Industrial Market

Average Asking Rent (Price/SF)
                    $4.95
Vacancy Rate (%)                      9.2%
Net Absorption (SF)                   32,161

Baltimore's industrial market experienced steady fundamentals during the second quarter of 2018, as vacancy and rents remained relatively unchanged from the previous quarter. Net absorption registered 32,161 square feet. The overall vacancy rate remained in line with recent performance at 9.2% but has increased 60 basis points from 8.6% one year ago. The average triple net asking rental rate was $4.95/SF in second-quarter 2018, down from $5.15/SF one year ago.



Baltimore Office Market Report
2Q18
Download the PDF
Baltimore Industrial Market Report
2Q18
Download the PDF

Local Market Contact:

General Research Inquiries: