News
Baltimore Commercial Real Estate

THE NEXT BEST MELT

Snow got you down? Cassidy Turley industrialguru Jarred Testa predicts a thaw. Of course, he's talking credit lines.
Jarred tells us banks have "loosened up" with lending, allowing some local tenants to see the light at the end of the tunnel. As a result, the BW Corridor's "sweet spot" of leases in the 40k SF range will see an increase in activity this year. Due to a flurry of Class-A activity at the end of '10, large blocks of space in 28'-32' clear buildings are scarce, positioning landlords to push rents above last year's average effective rate of $6.00/SF. While he's observed government contractor lease terms shrinking, Jarred thinks activity in that sector is still gaining momentum. Makes us feel nice and toasty, no hot chocolate necessary (unless there's marshmallows).

Continue reading this story with a free account

Log in or register
Related Topics: Jarred Testa
Sign up for more articles like this
Subscribe to Bisnow's Baltimore Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy