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Baltimore Q3 2026 Industrial Market Report

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Contacts & Related Research

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Market Trends

  • Construction activity is rebounding, with approximately 2.1 million square feet (msf) underway, up 75.0% year over year.
  • Vacancy edged up in Q3 2026 and increased 50 basis points (bps) year over year. Net absorption is on pace to remain negative for the second consecutive year.
  • Most of the quarter’s top deals were new transactions, with leasing activity concentrated in the Harford/Cecil County submarket.

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