MacKenzie Commercial Real Estate Services, LLC is pleased to present their 3rd Quarter Market Report for the Baltimore Metropolitan Area. This quarter’s report features summaries regarding investment sales, construction, residential development, and overviews for the commercial office, retail, and industrial markets. We also reached out to our industry partner, economist Anirban Basu of Sage Policy Group, for an update on the Baltimore Metro Area’s business centers, cultural districts, and fastest growing neighborhoods.
Our Criteria
MacKenzie tracks buildings that meet the following requirements and identifies these buildings as true reflectors of commercial real estate activity within the Baltimore Metropolitan Statistical Market (MSA). Office: Buildings 15,000 square feet (sf ) in size and greater in the Metro areas within Anne Arundel County, Baltimore City, Baltimore County, and Howard County, buildings 20,000 sf in size and greater within Baltimore’s City Center, buildings 10,000 sf in size and greater in the Metro areas within Harford County, and buildings 5,000 sf in size and greater within Annapolis city limits. Industrial: Single-story warehouse buildings, and flex buildings greater than 5,000 sf. Retail: Buildings in Baltimore City and Metro areas within the surrounding counties 2,000 sf in size and greater, MacKenzie does not track owner occupied buildings or medical facilities.
MacKenzie Ventures, LLC (MacKenzie) possesses the multi-disciplined team necessary to excel in Maryland’s corporate real estate community.Comprising seven firms, MacKenzie provides clients a competitive, full service platform of offerings in leasing, sales, investment sales, tenant and landlord advisory services, corporate and business consulting, commercial and residential development, general construction, property and asset management, debt and equity capital placement, and market research. With more than 175 employees and offices in Annapolis, Baltimore, Bel Air, Columbia, and Lutherville, Maryland, MacKenzie is one of the largest full service commercial real estate firms in the Mid-Atlantic. Please visit www.mackenziecommercial.com for more information.
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