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Baltimore 2022 Q1 Market Report

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TAKEAWAYS

  • Baltimore’s availability rate reached a peak in the first quarter of 2022 at 17.7%, the highest the market has seen in over 5 years and will continue to remain elevated until a shift in demand occurs
  • The supply of sublease space in the Baltimore market remains one of the lowest in the country dropping by 0.1 msf this quarter ending at a total of 1.4 msf
  • A number of companies are putting re-occupancy plans into place for 2022 with an emphasis on flexibility in the workplace created by lingering concerns about COVID-19

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