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COLUMBIA, MD-Industrial markets along the Baltimore-Washington Corridor quietly reached a milestone in the third quarter for 2010: it was the first quarter in the past 10 quarters that didn’t post negative absorption, according to NAI KLNB’s internal calculations, J. Allan Riorda, tells GlobeSt.com. “We are also seeing rental rates rise at least for class A product,” he says. “In class B and C space there is still a bit of uncertainty.” Class A industrial space is trending at the upper
$5 per square foot, Riorda says, on a triple net basis. Meanwhile, class B and C are ranging from $3.50 per square foot to $4.75 per square foot, triple net.

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