Among the major submarkets that make up the Washington-Baltimore corridor, Transwestern found the industrial and flex market is strongest in suburban Maryland and Baltimore. The strength is not in those submarkets as a whole, however. The continued growth is driven by the Route 1 and Interstate 95 corridor that stretches from Prince George's County through Howard County and the Baltimore-Washington International Airport, right through to Baltimore County and City.
In its report, Transwestern says that Prince George's County accounted for two-thirds of the net absorption in suburban Maryland through the first half of the year.
What had been a bust is now a blessing. Prince George's and other Maryland jurisdictions failed to get as much technology leasing, unlike Northern Virginia, but in the tech slowdown, their industrial space remains strong, much in the same way the District's office market remains strong because its major clientele is the government, associations and law firms.
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