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Transwestern Sees Maryland Suburbs as Strongest Industrial Market

WASHINGTON, DC-The Route 1 and Interstate 95 corridor between the District and Baltimore is strongest submarket, as it builds on a base on non-technology tenants. Northern Virginia vacancy rates are expected to soar as technology projects are put on hold or remain unleased.

By Marlon Millner | Updated on August 09, 2001

WASHINGTON, DC-Maryland might not be the place for an office, but research from commercial real estate company Transwestern indicates it is the place for your warehouse or other industrial space.

Among the major submarkets that make up the Washington-Baltimore corridor, Transwestern found the industrial and flex market is strongest in suburban Maryland and Baltimore. The strength is not in those submarkets as a whole, however. The continued growth is driven by the Route 1 and Interstate 95 corridor that stretches from Prince George’s County through Howard County and the Baltimore-Washington International Airport, right through to Baltimore County and City.

In its report, Transwestern says that Prince George’s County accounted for two-thirds of the net absorption in suburban Maryland through the first half of the year.

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