MARKET TRENDS

• Vacancy reached 9.6% in Q2, driven by negative net absorption in the first half of the year, totaling 1.2 million square feet (msf) of occupancy losses.
• The Baltimore County East submarket recorded two of the largest quarterly move-outs, as Baltimore International Warehousing vacated 600,000 square feet (sf) and Mako Freight’s 275,000 sf sublease expired.
• Sublease availability has climbed 30.0% year over year, now totaling 3.5 msf. Recent additions to the sublease market can be found in Aberdeen as Frito-Lay listed 470,000 sf just 30 days ago.

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