Insights
Maryland
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VACANCY
Apartment
The average Vacancy Rate was 3.9% in the Baltimore metro
- Vacancy in the Baltimore metro drifted upward by 20 basis points.
- The Baltimore metro had the highest vacancy level since Q2 2021.
Distribution / Warehousing
The average Vacancy Rate was 3.8% in the Baltimore metro
Flex / R&D
The average Vacancy Rate was 6.7% in the Baltimore metro
Office
The average Vacancy Rate was 20.0% in the Baltimore metro
- Vacancy in the Baltimore metro increased by 130 basis points.
- The Baltimore metro had the highest vacancy level since year-end 1993.
Retail
The average Vacancy Rate was 8.5% in the Baltimore metro
RENT
Apartment
The average Asking Rent was $1,503 in the Baltimore metro
Distribution / Warehousing
The average Asking Rent was $7.29 in the Baltimore metro
- Rent in the Baltimore metro was up 0.8% from Q3 2023.
- Rent Has risen for ten consecutive quarters in the Baltimore metro.
Flex / R&D
The average Asking Rent was $12.18 in the Baltimore metro
- Rent in the Baltimore metro was up 1.2% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 in the Baltimore metro.
Office
The average Asking Rent was $26.26 in the Baltimore metro
Retail
The average Asking Rent was $25.22 in the Baltimore metro
VACANCY
Apartment
The average Vacancy Rate was 3.6% in the Suburban Maryland market
Distribution / Warehousing
The average Vacancy Rate was 5.0% in the Suburban Maryland market
- Vacancy in the Suburban Maryland market increased by 50 basis points.
- The Suburban Maryland market had the highest vacancy level since year-end 2021.
Flex / R&D
The average Vacancy Rate was 5.5% in the Suburban Maryland market
Office
The average Vacancy Rate was 19.5% in the Suburban Maryland market
- Vacancy in the Suburban Maryland market drifted upward by 30 basis points.
- The Suburban Maryland market had the highest vacancy level since year-end 1993.
Retail
The average Vacancy Rate was 7.7% in the Suburban Maryland market
- No vacancy change since Q3 2023 in the Suburban Maryland market.
- The Suburban Maryland market had the highest vacancy level since Q2 2021.
RENT
Apartment
The average Asking Rent was $1,798 in the Suburban Maryland market
Distribution / Warehousing
The average Asking Rent was $10.58 in the Suburban Maryland market
- Rent in the Suburban Maryland market was up 0.8% from Q3 2023.
- Rent Has risen for eleven consecutive quarters in the Suburban Maryland market.
Flex / R&D
The average Asking Rent was $16.09 in the Suburban Maryland market
- Rent in the Suburban Maryland market was up 1.1% from Q3 2023.
- Rent has risen in every quarter since Q2 2013 in the Suburban Maryland market.
Office
The average Asking Rent was $30.84 in the Suburban Maryland market
Retail
The average Asking Rent was $28.09 in the Suburban Maryland market
VACANCY
Apartment
The average Vacancy Rate was 5.4% in the Suburban Virginia market
- Vacancy in the Suburban Virginia market drifted upward by 30 basis points.
- The Suburban Virginia market had the highest vacancy level since year-end 2015.
Distribution / Warehousing
The average Vacancy Rate was 2.6% in the Suburban Virginia market
- Vacancy in the Suburban Virginia market drifted upward by 20 basis points.
- The Suburban Virginia market had the highest vacancy level since Q3 2021.
Flex / R&D
The average Vacancy Rate was 5.5% in the Suburban Virginia market
Office
The average Vacancy Rate was 21.3% in the Suburban Virginia market
- Vacancy in the Suburban Virginia market increased by 60 basis points.
- The Suburban Virginia market had the highest vacancy level since year-end 1993.
Retail
The average Vacancy Rate was 6.1% in the Suburban Virginia market
RENT
Apartment
The average Asking Rent was $2,121 in the Suburban Virginia market
Distribution / Warehousing
The average Asking Rent was $11.72 in the Suburban Virginia market
- Rent in the Suburban Virginia market was up 0.6% from Q3 2023.
- Rent has risen in every quarter for the past three years in the Suburban Virginia market.
Flex / R&D
The average Asking Rent was $15.81 in the Suburban Virginia market
- Rent in the Suburban Virginia market was up 1.2% from Q3 2023.
- Rent Has risen for eleven consecutive quarters in the Suburban Virginia market.
Office
The average Asking Rent was $35.52 in the Suburban Virginia market
Retail
The average Asking Rent was $30.68 in the Suburban Virginia market
VACANCY
Distribution / Warehousing
Average Vacancy Rate 6.2%
- Fell by 130 basis points.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2018 at.
RENT
Distribution / Warehousing
Average Asking Rent $6.77
- Up 1.2% from Q2 2018.
- Expected to finish 2018 at.