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Baltimore Industrial Developers Go Big Time Spec

Baltimore Industrial Developers Go Big Time Spec

According to new data, 72% of warehouses in Baltimore are being built on spec, compared with 28% during the first quarter last year. Low industrial vacancy rates are giving Baltimore area developers more confidence to break ground before they have a signed lease, the Baltimore Business Journal reports. E-commerce firms like Amazon are also driving industrial demand as they seek out warehouse space close to urban Millennials. [BBJ]

Related Topics: JLL, Amazon