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Large office block pricing clustering in low to mid $20’s, while higher quality blocks are in shorter supply/862/baltimore-4-21-18-large-office-block-pricing<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/office-people-sitting-table-birdseye-view.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/862/baltimore-4-21-18-large-office-block-pricingLarge office block pricing clustering in low to mid $20’s, while higher quality blocks are in shorter supplyThe Baltimore office market has 140 blocks of Class A & B space over 20,000 s.f., split roughly evenly between classes.
Despite shrinking overall population, Baltimore City outpacing suburbs in growth rate of educated residents/844/baltimore-4-16-18-growth-rate-of-educated-residents<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/education-students-laptops-lecture.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/844/baltimore-4-16-18-growth-rate-of-educated-residentsDespite shrinking overall population, Baltimore City outpacing suburbs in growth rate of educated residentsWhile Baltimore City’s overall population has dropped in recent years, the ranks of bachelor’s educated and higher residents has risen at an increasing rate that has outpaced Baltimore’s suburbs.
Class A office vacancy edges downward slightly in Q1 on flat rent growth/828/baltimore-4-9-18-office-vacancy-edges-downward<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-textured-wall-building.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/828/baltimore-4-9-18-office-vacancy-edges-downwardClass A office vacancy edges downward slightly in Q1 on flat rent growthWithout any new deliveries at the start of the year, Class A vacancy declined slightly after rising for 5 straight quarters.