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Baltimore Market Reports

Baltimore Office Market

Average Asking Rent (Price/SF) $23.80
Vacancy Rate (%) 12.4%
Net Absorption (SF) 216,193

Absorption during the third quarter of 2018 was positive at 216,193 square feet. Asking rents rose by 0.8% over the quarter to $23.80/SF, the highest level recorded in metro Baltimore during this cycle. Overall vacancy for Baltimore's office market registered 12.4% at the end of the third quarter, down 30 basis points from the previous quarter.

Baltimore Industrial Market

Average Asking Rent (Price/SF)
                    $4.79
Vacancy Rate (%)                       8.7%
Net Absorption (SF)                 338,427

Baltimore's industrial market fundamentals tightened during the third quarter of 2018, as vacancy declined, but the average rent was slightly lower than in the previous quarter. The Baltimore industrial market registered 338,427 square feet of net absorption during the third quarter. The overall vacancy rate dropped 50 basis points to 8.7%, in line with where it was one year ago. The average triple net asking rental rate was $4.79/SF in third quarter 2018, down from $5.36/SF one year ago.



Baltimore Office Market Report
3Q18
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Baltimore Industrial Market Report
3Q18
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