A spike in leasing in the local industrial market that totals about 10 million square feet has left some brokers in awe over the past few months. A report by national firm Lee & Associates found warehouse leasing during the first quarter of the year totaled about 4 million square feet. When added to the 6.1 million square feet leased in the final quarter of 2020, the volume is at near-record pace.
Maryland’s industrial market saw 10M square feet leased in just six months
April 29, 2021