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The Maryland General Assembly will face a deteriorating budget outlook as well as major climate and education commitments when it begins its 2024 session on January 10th. In 2022, the Maryland General Assembly passed the Climate Solutions Now Act establishing the most aggressive near-term greenhouse…

Kate Jordan, SIOR, Principal, Lee & Associates | Maryland, was elected President of NAIOP Maryland at the recent Holiday Luncheon. Additional officers include Sean Doordan, Executive Vice President, Acquisitions & Growth, St. John Properties, Inc. as President-Elect; Scott Wimbrow, President and Principal, MacKenzie Commercial Real Estate Services, LLC as Vice…

Resilient but not immune to market challenges Merriweather Row Buoyed by a prime location, a highly educated and high-earning workforce, good schools, a diverse population, and modern, attractive office buildings, the commercial real estate sector in Columbia and Ellicott City has weathered recent…

The current economic environment represents a “generational opportunity to acquire commercial real estate assets.” That was a key message from Spencer Levy, CBRE’s Global Client Strategist and Senior Economic Advisor, at NAIOP Maryland’s annual Capital Stack event. “Now is also the best time to develop new projects,” Levy said. “It…

NAIOP and four other commercial and residential real estate trade associations are raising significant concerns with the proposed final report of Maryland’s Building Energy Transition Implementation Task Force. In a joint submission, the associations gave notice of their intent to vote against adopting the report and its…

The discernable dip in the volume of industrial leasing activity in the greater Baltimore Metropolitan Area this past year has not lessened optimism among owners and investors of this asset class. Leading reasons for the upbeat view include: the diminishing volume of new product under construction, the still low 7.4…

Photo courtesy of Froehling and Robertson Inc. The award-winning bathrooms may be claiming all the headlines. But hundreds of millions of dollars worth of developments at Baltimore Washington Thurgood Marshall International Airport are poised to boost the airport’s economic impact and potentially create…

Meeting state climate targets will require spending $15 billion per year on emissions reductions and sequestration projects, according to a September presentation by the Maryland Department of Environment. The target is downscaled from worldwide estimates that climate mitigation will cost the equivalent of 3% of GDP…

Juggling high vacancy rates and pockets of growth Faced with soft demand and heightened expectations among office tenants, a challenged but solid retail sector, and clear enthusiasm for new, highly amenitized, mixed-use developments, Owings Mills is a sub-market rife with contrasts. Near the community’s center, three developments — Mill Station,…

Nearly 1.8 million square feet of office sublease space is currently available in the greater Baltimore metropolitan region, a figure that has nearly doubled since Q1 2020 when the amount stood at approximately 910,000 square feet. That’s according to data provided by MacKenzie Commercial Real Estate Services. Although the…