Baltimore Industrial Real Estate’s Position Among I-95 Port Markets

Q1 2024

Baltimore currently has the best industrial real estate fundamentals out of the 18 markets along the U.S. East Coast’s I-95 corridor.

The Port of Baltimore has the dual advantage of being positioned on the I-95 corridor as well as situated 200 miles closer to the U.S. Midwest than the Ports of NY/NJ, Phila & Hampton Roads.

- The Port ranks 11th and 9th among U.S. ports for foreign cargo volume and value, respectively

- It’s the country’s leading auto, light truck & heavy farm and construction RoRo cargo port

- Major facilities for dry bulk, project cargo and the 2nd largest coal export terminal in the U.S.

Most industrial markets along I-95 carry 100MSF-200MSF of inventory, Baltimore (230MSF) is the 2nd largest (Jersey) among the corridor’s 14 port markets.

Fundys:

- well under 5% inventory sq ft growth, among the lowest along East Coast I-95

- sub- 3% vacancy

- healthy 10% YOY lease rate growth moving towards a $10 psf market

Maryland Port Administration and Port Of Baltimore; C&W quarterly industrial reports, proprietary data and analysis