Insights
DOWNLOAD REPORT Both Warehouse and Flex Markets Begin 2015 on Positive Note The Baltimore regional industrial market maintained its momentum during 2015’s initial quarter. Once again, net absorption in the warehouse segment topped one million square feet. The flex market absorbed more than 45,000 square feet after slipping during 2014’s final quarter. Though many who…
Read MoreDOWNLOAD REPORT Baltimore Office Market Recovery Stalls Absorption Slips, Asking Rents Stagnant Since the Great Recession ended, the pace of recovery in Baltimore’s office market can be characterized with one word: grinding. But it has been a recovery. Net absorption has been generally positive with quarter to quarter and office vacancy rates edging lower. If…
Read MoreMacKenzie Commercial Real Estate Services, LLC is proud to announce that the Association of Universities for Research in Astronomy (AURA) will be opening a new location for their Space Telescope Science Institute (STSI) in Baltimore’s historic Grande Rotunda building. Located at 711 W. 40th Street in Baltimore City’s North submarket, the mixed-use project is undergoing…
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MacKenzie Contracting Company is pleased to announce the completion of their latest project 18ǀ8 in Quarry Lake. The fine men’s salon hosted a grand opening on Friday, March 13th and is the first location in the greater Baltimore region. The quickly expanding firm is set to open a second location in Annapolis in mid-April. Dedicated…
Read MoreThe MacKenzie Companies is proud to announce that MacKenzie Contracting Company, LLC has been recognized by the Associated Builders & Contractors (ABC) organization for their work on the historic Alpha Omicron Pi house in College Park, Maryland.The fully functional and occupied project received an ABC award of Excellence and a Safety Training Evaluation Process (S.T.E.P)…
Read MoreThe MacKenzie Companies is proud to announce that MacKenzie Contracting Company, LLC has been recognized by the Associated Builders & Contractors (ABC) organization for their work on the AAI Building in Cockeysville and Prometric’s newest testing facility in White Marsh, Maryland. “This award is a testament to the entire team from whose conceptual vision became…
Read MoreDOWNLOAD REPORT Both Warehouse and Flex Markets Sustain Momentum into the New Year The Baltimore region’s industrial market remains vibrant as various economic actors continue to leverage the region’s strategic location and intermodal transportation infrastructure. Net absorption in the regional warehouse segment totaled 1.2 million square feet (msf) during the fourth quarter, with the Baltimore…
Read MoreMacKenzie Commercial Real Estate Services, LLC is proud to announce the completion of four lease transactions at Bel Air Town Center. The transactions, completed during the last half of 2014, mark a transition for the center as the commercial retail market exits the recession. The latest tenant, Stone’s Cove Kit Bar, will join recently opened…
Read MoreDOWNLOAD REPORT Maryland Now among Nation’s Slower Growing States There was a time when Marylanders could feel quite good about their economy. Even during the most recent economic downturn and its immediate sloppy aftermath, Marylanders could take some comfort knowing that the state’s economy was somewhat insulated from the worst possible economic outcomes by a…
Read MoreDOWNLOAD REPORT The good news is the U.S. economy appears to be growing again. The Washington Post reports that GDP is the best in a decade. For the three months ending in September the economy experienced a five (5 percent) percent annualized growth. This is combined with robust consumer spending, low levels of personal debt,…
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