Route 1 Corridor
Baltimore - MD USA - Industrial Submarket
Industrial real estate intelligence for the Route 1 Corridor submarket. 25.3M SF of inventory with 9.8% vacancy. Data sourced from various MLS platforms.
25.3MSF
Inventory
3.6MSF
Available
9.8%
Vacancy
14.4%
Availability Rate
$12.04
Asking Rent
1.3%
Rent Growth
-374,041SF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$171
Cap Rate
7.7%%
12mo Sales Volume
$261,394,539
Sales Vol Growth
214.6%
Asset Value
$4,319,443,756
Net Absorption
-374,041 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 9800 Eternal Rings Dr (Part of a 2 Property Portfolio) | $120.1M | 109,450 | GI Partners |
| Amazon Data Center | $101.8M | 109,450 | GI Partners |
| Data Center 1 | $26.8M | 214,000 | Buyer 1 Sansone Group | Buyer 2 Priseda |
| Data Center 2 | $2.0M | 12,000 | Buyer 1 Sansone Group | Buyer 2 Priseda |
| Comcast Data Center | $14.8M | 66,000 | Landmark Dividend |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| BTS | 40,000 | Not Disclosed | Berish Properties, Inc. |
| Data Center 1 | 75,000 | $23.55 - 28.78 (Est.) | Priseda |
Data Centre Development Potential
High vacancy (9.8%) in Route 1 Corridor may indicate availability of conversion-ready industrial buildings for data centre development. Negative absorption of 374K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Baltimore - MD USA
Evaluating Route 1 Corridor for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.