Global pandemic will test resiliency in the Suburban Maryland market

As the unprecedented COVID-19 crisis escalated world-wide, Governor Larry Hogan of Maryland issued a stay-at-home order for the state on March 30th, 2020. Businesses were forced to close doors and quickly adapt to the rapidly-evolving situation by shifting to remote work where possible. The Suburban Maryland office market is better insulated than most to brace for the eventual impact of the pandemic due to its core tenant base of the federal government, government contractors, and healthcare. These industries have been historically resilient during times of economic volatility and are expected to continue to contribute to the stability of the market.

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