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The Baltimore north & south market experienced approximately 178,000 square feet (KSF) of direct net positive absorption in the first quarter of 2017. The overall vacancy rate is 7.9%, 80 basis points below the historical average of 8.7% and well below the six year high of 11.0%. The Baltimore-Washington (BW) Corridor submarket experienced the most direct net positive absorption with approximately 157 KSF, which accounts approximately 88.0% of the markets direct net positive absorption.
Source : Cushman & Wakefield
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