BALTIMORE-Brokerage firm Cassidy Turley says that continued strong leasing and building activity in the third quarter has allowed the city to emerge as one of the strongest second-tier industrial markets in the United States.
In and around the city of Baltimore there is more than 2.5 million square feet of warehouse under construction and 1 million square feet of positive absorption in the third quarter, according to the Baltimore Business Journal.
Cassidy Turley notes that the industrial market is enjoying a continued strong pace of development and leasing that should extend well into 2014.
“I'm really bullish about what's ahead for Baltimore on the industrial market,” said Mark Levy, the market director for Jones Lang LaSalle Americas Inc. “I think this market is going to have a very strong resurgence in this next up-cycle and it's probably going to be the best period of Baltimore industrial in a long time.” See story in the Baltimore Business Journal.
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