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Sections of Downtown Baltimore Plagued With High Vacancies

BALTIMORE—While the overall downtown Baltimore office market has improved from recessionary vacancy levels, a few sections of the downtown, particularly along Charles and Baltimore streets, are suffering from high vacancies and low tenant demand.

By John Jordan | Updated on May 29, 2014

BALTIMORE—While the overall downtown Baltimore office market has improved from recessionary vacancy levels, a few sections of the downtown, particularly along Charles and Baltimore streets, are suffering from high vacancies and low tenant demand.

According to a report presented to the Baltimore Development Corp. on Thursday by brokerage firm JLL, vacancy rates are at about 17.8% overall in the downtown district, down from the 2010 peak of 20.8%. Along the prime Pratt Street corridor, vacancy has hit a five-year low of 14.9%, according to the Baltimore Sun.

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