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Q4 2022 Baltimore Office Report
New office lease activity reached 2.9 million square feet (msf) in 2022 and renewals accounted for another 1.4 msf of lease activity for the year. The Baltimore City and Howard County submarkets experienced the bulk of the activity.
Baltimore Industrial market total net absorption in 2022 was less than half that of the year prior at 3.3 million square feet (msf ). Despite the slowdown, fourth quarter 2022 net absorption was the highest of the year at 2,080,508 square feet (sf).