NAIOP | Maryland Chapter

News // Fact Sheets

Maryland’s Commercial Real Estate Market

  • Existing buildings in Maryland contribute more than $51 million in direct spending and $102 million in total output to the economy. This generates $31.2 million in income and supports more than 1000 jobs. (CoStar, June 30, 2011)
  • More than 48 million square feet of industrial space and 177 million square feet of warehouse space is in the Central Maryland marketplace comprising of Baltimore City and the adjacent counties. (CoStar, June 30, 2011)
  • More than 43 million square feet of Class “A” office space, 60 million square feet of Class “B” office space and 24 million square feet of Class “C” space exists in this market, for a total of 127 million square feet of space. (CoStar, June 30, 2011)
  • Approximately 1.3 million square feet of commercial office space is currently under construction in Maryland. (NAI KLNB)
  • In 2009, Maryland ranked eighth in the top 10 states for construction value for office construction and development. (NAIOP Research Foundation, The Contribution of the Office, Retail and Industrial Properties to the U. S. and State’s Economies in 2009)

National Commercial Real Estate Market 

  • The commercial real estate development industry is one of the leading employers in the United States, supporting nearly 5 million jobs across all sectors of the national economy.
  • The industry also generates personal earnings of $170 billion and contributes more than $548 billion to the Gross Domestic Product.
  • For every 1,000 square feet of office space in a building, four employees work within this space.  


NAIOP Maryland Facts…

  • NAIOP Maryland is the local chapter of NAIOP, the nation’s leading trade association for developers, owners, investors and other professionals in industrial, office and mixed-use commercial real estate.
  • NAIOP is comprised of more than 16,000 members in 55 chapters and provides networking opportunities, educational programs, research on trends and innovations and legislative representation.
  • More than 330 individuals working in the commercial real estate industry, including commercial real estate development professionals, architects, interior designers, bankers, attorneys, land planners, construction contractors, accountants, appraisers, marketing professionals and more, belong to NAIOP Maryland.

 More sources…

  • For real estate industry information, visit Corporate NAIOP at www.naiop.org