News

Seven pairs of commercial real estate professionals are presently engaged in the NAIOP-MD Developing Leaders Mentorship Program, which matches NAIOP-MD DL members, aged 35 years and under, with seasoned veterans. The individual pairings began meeting monthly last fall and will continue to engage until the session concludes this spring. The…

YourSpace Storage, Bel Air, Maryland After a few years of increasing vacancies and softening rents, the saturated self-storage market in central Maryland seems to be showing some signs of improvement. “The nationals have saturated this area,” said Teresa Rosier, Vice President of Peak Management, LLC. …

Faced with budget challenges at the state and local levels, the 2025 General Assembly is considering nearly a dozen bills that would authorize “special rates”—different tax rates for commercial, residential and industrial property classes and subclasses. Most bills originate in the House of Delegates and are supported by local governments…

The Trump Administration’s mandate calling for all employees of the federal government to immediately return to the office or face termination was music to the ears of downtown DC landlords, shop owners, restaurants, and assorted stakeholders in the greater DMV region. But after managing totally remote or hybrid work schedules…

Expansion of Maryland’s first data center campus combined with actions by county and state governments are creating some optimism that Maryland could develop a data center submarket, albeit on a moderate scale. In December, Frederick County officials overwhelmingly approved plans by Rowan Digital Infrastructure to build the Bauxite II and…

Proposed legislation by the Maryland Department of the Environment (MDE) would authorize the state to establish building energy use limits by building type and impose fees for failure to comply. House Bill 49 / Senate Bill 256 is the latest effort by the department…

The Maryland General Assembly reconvened on January 8th for its annual, 90-day, legislative session faced with historic budget deficits, lagging state-wide economic performance, and ambitious policy goals. The state’s deficit problem began with a cash shortfall of $300 million in fiscal year 2025 which is a sharp decline from the…

Proponents of a multi-faceted redevelopment of an abandoned military site in Pikesville believe it could infuse new vitality and substantial foot traffic into a struggling retail strip. State and community leaders began assessing alternate uses for the 14-acre Pikesville Armory site after the National Guard stopped using…

NAIOP Maryland’s 2025 Board of Directors includes an array of industry leaders from diverse specialties within the commercial real estate sector. KLNB Principal David Fritz, CCIM, SIOR and Jennifer Hearn, Director of Development, MAG Partners, have been elected to the NAIOP-MD Board of Directors for two-year terms. In addition, Merritt…

What are your business and personal resolutions for the New Year?   “To arrange more lunch meetings with commercial real estate brokerage professionals to keep building my network. Taking a lead from my father, Jim, personally I would like to perform better than the year before and be more giving.”…