MARKET TRENDS
- Baltimore's leasing activity fell below the five-year average, with no deals in Q2 exceeding the 100,000 square-foot mark as tenants continue to reassess the size of their footprint.
- With a year-over-year increase of 100 basis points in Q2, the availability rate of 18.3% sits at a record high, giving ample space opportunities for tenants considering relocation.
- As many companies reevaluate their office space requirements, they will continue to base their real estate decisions on return to office policies and workforce planning