The Real Estate Wonk: Offices feel the housing pinch - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

The Baltimore Sun > Business > Real Estate > The Real Estate Wonk

« The news on new homes | Main | In downtown housing news ... »

January 17, 2008

Offices feel the housing pinch

In case you missed it: Lorraine Mirabella reports today that "construction of office buildings in metropolitan Baltimore far outpaced the amount of space tenants signed up to lease" last year, breaking a run of good fortune for office owners.

Just 43 percent of 1.8 million square feet of new office space completed in the Baltimore region last year was leased, according to a study by Colliers Pinkard, a commercial brokerage.
... Commercial real estate experts blamed economic jitters as well as a reversal of fortunes for tenants in sectors such as residential mortgages, who are abandoning or reducing office space.

Posted by Jamie Smith Hopkins at 5:29 PM | Permalink | Comments (0)

Post a comment

All comments must be approved by the blog author. Name-calling aimed at other commenters is not welcome here. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Name:

Email Address:

URL:

Remember personal info?

Comments:

Verification (needed to reduce spam):

About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
• Baltimore Sun articles by Jamie

Follow @realestatewonk on Twitter