But there is positive news that signals business confidence with increases in lease rates, terms and average unit size!
After several years of growth, Frederick’s commercial leasing market contracts during first three quarters of 2015.
Why would any landlord take an average annual rent loss to fill a 60,000 SF space?
As Frederick’s office market thaws, a clear picture emerges of the “new normal.”
Vacancies are down, leasing activity has increased, but sales transactions decline in the wake of shrinking listing inventories.
Buyers snapped up Frederick office condos , while tenants leased four times as much flex space as office.
Small businesses and medical owner/users dominated Frederick’s office market during the third quarter of 2013.
Medical office buildings (MOBs) weathered the recession better than any other type of real estate, with the possible exception of apartment buildings.
Medical office buildings in Frederick have always been in high demand for investors, but how will the Affordable Care Act impact this segment going forward?
With the looming loss of Bechtel jobs, Frederick’s commercial office market needs new employers more than ever.