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Jones Lang LaSalle Incorporated
Parts of Baltimore office market in downtown core suffer
Parts of Baltimore office market in downtown core suffer

Real estate experts offered a gloomy view of the market for some of the office space in the core of downtown, telling the Baltimore Development Corp. Thursday it is becoming harder for owners of offices along the Baltimore and Charles Street corridors to find tenants. Overall vacancy rates are at about 17.8 percent, down from the 2010 peak of 20.8 percent, according to Jones Lang LaSalle, which presented to the BDC at its monthly meeting. Along the Pratt Street corridor, where many of the premium properties are located, vacancy hit a five-year low of 14.9, according to the presentation. But along Charles and Baltimore streets, vacancy rates are at about 25 percent. On Charles Street,...

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