TAKEAWAYS

• Baltimore showed a historic rise of 17.2% in asking rates year over year to an average of $7.02 per square foot in Q2 as landlords continue to raise rents to meet the ever-increasing demand for industrial space.
• The vacancy rate dropped a massive 280 basis points from one year ago bringing an even greater challenge for occupiers to find high quality space to utilize.
• While deliveries continue to be plagued by delays and rising cost of materials, the Baltimore market has 6.4 million square feet of supply in the pipeline.

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