Baltimore CBD Office Market – Q4–2016
The Q4–2016 asking rent for Class A office in Baltimore’s CBD is $24.21/sf (full service). The availability rate for this submarket and class is 22.8 percent out of a total inventory of about 8.2 million square feet. Major lease transactions in this submarket include Morgan Stanley (57,035sf), Comcast (28,418sf) and United Way (25,600sf).
Office property sales in the Baltimore Region totaled $634 million in 2016 (as of November) compared to $760 million during 2015.
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Last Updated on January 31, 2017 by Ramin Seddiq