The Industrial market in Greater Baltimore has maintained positive net absorption and relatively low vacancy during a troubled period for manufacturing. Net absorption rates measure move-ins versus move-outs. In a down market, these are signs of stability that the Greater Baltimore industrial market has been able to hold ground.
[Download XLS] our Real Estate Snapshot for more information on the local market.
Below is a snapshot of the current office market:
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Class A and B Industrial Space in the Baltimore Metro Area (May 2011)
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Existing, Under Renovation, and Under Construction Buildings
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# Buildings:
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1,323
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% Vacant:
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11.2%
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YTD Net Absorption:
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491,652
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RBA:
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120,122,402
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% Leased:
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89.7%
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YTD Leasing:
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1,049,414
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Average Age (yrs):
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31.9
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% Available:
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17.1%
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YTD Deliveries:
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0
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Source: CoStar Property Analyst. Data Extracted for YTD Q1 of 2011.
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