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Commercial Real Estate INSIGHTS

Coldwell Banker Commercial® is a unique force in the real estate industry commanding a global presence, a local power and backed by one of the most respected names in the industry. We pair our expertise of market dynamics with a wide range of brokerage services including sales, tenant representation, leasing, property management, mergers and acquisitions across a wide array of property segments and specialties from retail, office, industrial and self-storage businesses to agriculture, land and student housing.

Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

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Baltimore, MD

Apartment
The 162,977-unit market-rate investment grade Baltimore apartment market tightened, as just 230 units completed construction in the first half of 2019 while net absorption totaled 1,153 units. The vacancy rate is down 60 basis points over six months to just 3.8%, among the 20 lowest in the country according to Reis. The average asking rent increased 1.0% during the second quarter to $1,294 per month, with the average effective rent up 1.1% to $1,246 per month. The year-over-year gains are 3.6% and 3.7%, respectively. VIEW APARTMENT LISTINGS >
Industrial
The 154.5-million-square-foot Baltimore warehouse/distribution market had a big second quarter of 2019 with 694,000 square feet of new supply and 654,000 square feet of net absorption. The vacancy rate was essentially unchanged at 8.9%. The average asking rent was up 0.7% over the quarter to $5.72 psf, with the average effective rent up 0.6% to $5.37 psf. The year-over-year gain is 2.3% by both measures. The 34.3-million-square-foot Flex/R&D market got 124,000 square feet of new supply in the second quarter of 2019, but net absorption was minus 40,000 square feet for the period and minus 93,000 over half a year. The vacancy rate is up 40 basis points for the quarter and up 80 year-over-year, at 12.7%. The average asking rent for Flex/R&D space is $9.64 psf, with the average effective rent at $8.79 psf. Average rents are up 0.1% for the quarter and 0.8% year-over-year by both measures. VIEW INDUSTRIAL LISTINGS >
Office
The 65.8-million-square-foot Baltimore general purpose, multi-tenant office market has suffered from weak demand and active new supply for a decade, but during the first half of 2019 just 23,000 square feet of new space was added with a modest 48,000 square feet absorbed. The vacancy rate is 18.0% in the second quarter of 2019, up 30 basis points from a year earlier. The 18.1% for year-end 2018 was the highest since 1992. Rents continue to rise moderately. The average asking rent is up 2.7% from a year earlier at $25.63 psf, with the average effective rent up 2.6% to $20.71 psf. The second quarter gain was 0.8% by both measures. VIEW OFFICE LISTINGS >
Retail
The 37.7-million-square-foot Baltimore community-neighborhood shopping center market had 84,000 square feet of net absorption in the second quarter of 2019, and the vacancy rate fell 20 basis points to 7.4%. The rate is down 10 basis points year-over-year. The average asking rent is $24.83 psf and the average effective rent is $22.34 psf. Rents increased 1.1% over the quarter and are up 2.1% year-over-year by both measures. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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