Useful tips for navigating your new office buildout process.
While activity in sales volume fell off considerably from recent quarters, the largest transactions of Q3 2020 reflect product diversity in the local market.
Let’s skip CRE, traffic solutions and local politics for a week and say: Rain, Rain Go Away, I’d much prefer a Sunny Reading Day!
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.
Insights for Commercial Building and Land Owners
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.