Search
 
News

Declining Availability Pushing Industrial Rents Higher in Baltimore-DC Corridor

“Industrial supply constraints have pushed pricing to new heights for both tenants and investors, forcing them to explore market alternatives,” JLL’s Sargis states in the report

Industrial development activity in the Baltimore-Washington corridor has dropped sharply in the past 10 years. Source: JLL Mid-Atlantic Research Industrial development activity in the Baltimore-Washington corridor has dropped sharply in the past 10 years. Source: JLL Mid-Atlantic Research

WASHINGTON, DC—A decade of declining industrial development has had a profound effect on rental prices and availability in the Baltimore-Washington DC corridor, according to a report released by JLL.

Colin Sargis, research analyst, industrial, JLL Mid-Atlantic Research, says that a combination of a slower rate of new industrial development over the past 10 years, escalating rents caused by strong tenant demand and an availability crunch for users, has made areas such as Prince George’s County and other Maryland locations north of Baltimore as viable options for at least some developers and tenants.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.