News
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Food, wellness, and technology impacting retail sector
August 16, 2023The pandemic-fueled grocery store high may be wearing off, but emerging wellness brands are expected to fill shopping center vacancies and new technology continues to drive retail sales. Those were a few of the insights provided during the “Retail Q3 Update: Trends and Tactics to Watch” webinar jointly sponsored by…
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MDE considering changes to stormwater requirements
August 16, 2023The Maryland Department of Environment (MDE) has circulated its first public draft of revised stormwater regulations that incorporate updated rainfall data and require significant expansion of management practices to address runoff from higher-intensity, short-duration storms. The changes were initiated by legislation passed by the General Assembly in 2021 which required…
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Sabbaticals show the widespread benefits of downtime
August 2, 2023As he stepped back into his office for the first time in a month, Aaron Weir was confronted with a whole new environment. Coworkers had erected walls around his desk and decorated the new work cubby to resemble the inside of a winery. The rest of the room was transformed…
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Parking, amenities, waterfront buoy Anne Arundel market
August 2, 2023The Anne Arundel County commercial real estate market continues to perform much better than its neighboring jurisdictions – particularly Baltimore City and Washington, D.C. – due partly to plentiful free parking, necessary amenities, and the allure of the Annapolis waterfront. That was the consensus of several brokers and developers participating…
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State budget outlook warns of significant deficits
August 2, 2023A report from the Department of Legislative Services on the financial condition of the state warns of budget shortfalls “necessitating significant spending reductions and/or increased revenues” by 2028. Maryland closed out 2022 with a budget fund surplus of $5.4 billion. The report attributes the healthy balance sheet…
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The bright red accents, feature staircase, café seating, posh lounge, artful lighting, industrial touches and city views create the feel of a super cool, luxurious and oh so inviting coffee shop. Spark Flex combines coworking and traditional office space with a wealth of amenities, including an inviting…
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Higher density, residential development and mall redevelopment are driving growth in the Hunt Valley submarket. Photo courtesy of MacKenzie Commercial Real Estate Services. Somewhere in the mix of leasing contracts, vacancy trends, new construction, renovation projects and shifting activity across product types, developers are seeking to cultivate…
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An “aspirational” plan to guide growth in Baltimore County through the next decade and beyond has some members of the commercial real estate industry asking county officials to provide greater clarity about regulations and more robust tools to support development efforts. After…
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In recent months, there have been promising economic signs with interest rates stabilizing, the debt ceiling debate settled and an ever-increasing number of employees returning to the traditional workplace. Will this cumulatively result in an uptick in commercial leasing activity during the second half of 2023? Or, are companies…
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Word on the Street: Harborplace
July 12, 2023What is the highest and best use for Harborplace? “I would like to see a mixed-use attraction that not only sparks and rekindles tourism but can also be sustainable and endure economic cycles. I understand it cannot be all retail or all multifamily but, rather, a…