January 17th, 2019

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Featured Properties

Flex Space for Lease 1334 Ashton Rd, Hanover, MD 21076 + View Details + Contact Broker Office Space for Lease 14750 Sweitzer Ln, Laurel, MD 20707 + View Details + Contact Broker

Sales

Industrial/Flex

9505 Deereco Rd Timonium, MD 21093 SF: 68,000 Price/SF: $205.88 Buyer: Grace Fellowship Church Inc Seller: Hill Management

7200 Standard Dr Hanover, MD 21076 SF: 164,216 Price/SF: $47.50 Buyer: Whitehouse & Schapiro, LLC Seller: Rialto Capital Management, LLC

Office/Retail

14203 Park Center Dr Ste 307 & 308 Laurel, MD 20707* SF: 2,976 Price/SF: $196.00 Buyer: American Center for Intellectual and Developmental Disabilities Seller: Dever Roseberg Partnership

417 Main St Laurel, MD 20707** SF: 2,800 Price/SF: 149.11 Buyer: SOLH, LLC Seller: Jon Deitelbaum

*Bill Harrison and Austin Eber of Lee & Associates represented the Seller in this transaction ** Bill Harrison and Austin Eber of Lee & Associates represented the Seller in this transaction

Signed Leases

Industrial/ Flex

2801 W Patapsco Ave Baltimore, MD 21230 SF: 27,137 Tenant: Tuff Shed Submarket: BW Corridor

6920 Tudsbury Rd Windsor Mills,MD 21244 SF: 64,362 SF Tenant: Vann's Spices Submarket: BW Corridor

Office/Retail

14170 Newbrook Dr Chantilly, VA 20151* SF: 8,247 Tenant: Appguard Submarket: Route 28 Corridor South

6095 Marshalee Dr Elkridge, MD 21075 SF: 28,600 Tenant: Networking Building & Consulting Submarket: Columbia Nortth

*Tom Whelan of Lee & Associates represented the Tenant in this transaction

Vacancy and Absorption Rates

Industrial | Baltimore Overall

Office | Baltimore Overall

Total Space: 206,136,634 Vacant: 16,085,248 Vacancy: 7.80% YTD Absorption: -24,925 Last 12 Months: 4,023,866

Total Space: 147,509,311 Vacant: 13,961,723 Vacancy: 9.50% YTD Absorption: -341,679 Last 12 Months: 202,107

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Commercial Real Estate News

Lee & Associates Maryland released a report about the activity in the market in Q4 +read more

Future-Proof Properties:How do you design, build and manage commercial and multifamily properties that are guaranteed to have lasting flexibility, functionality and appeal? +read more

President of Lee and Associates Chesapeake, Allan Riorda, wrote a great article about robotics- powered warehouses +read more

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