The Baltimore Sun spoke to KLNB Retail Specialist Rachel Klein to comment on the state of Baltimore's retail market. In her experience, the market is seeing string activity and demand. "There really isn't a ton of vacancy right now," she says. "We're seeing a really strong demand. Especially on the…
Read ArticleDuring the first quarter of 2024, vacancy rates in the Greater Baltimore and Suburban Maryland markets showcased contrasting patterns. Specifically, the Greater Baltimore market recorded a positive absorption of 54,432 square feet, whereas the Suburban Maryland market saw a negative absorption surpassing 500,000 square feet. Challenges persist for landlords, notably…
Read ArticleBaltimore – KLNB, the Mid-Atlantic region’s largest privately held CRE brokerage firm, is excited to announce the 88,971-square-foot commercial industrial lease for InventWood (IW), a Maryland-based early-stage, high-growth company that is a leader in cellulose-based material and nanotechnology innovations that are high performance, cost-effective, and environmentally sustainable. Located at 5971…
Read ArticleKLNB, the Mid-Atlantic region’s largest privately held CRE brokerage firm, is pleased to announce the sale of 7750 Montpelier Road in Maple Lawn, Md. to St. John Properties. The sale includes a 32,488-square-foot, two-story office/education facility, and two additional undeveloped parcels of land totaling 5.96 useable acres. Located in the…
Read ArticleIn 2023, the commercial real estate sector faced significant challenges, marked by escalating vacancy rates and decelerating rent growth. This downward momentum resulted in continual negative net absorption within the sector, leading to an oversupply of sublet spaces and conversions into residential units. However, there is a sense of optimism…
Read ArticleWashington, D.C. – KLNB, the Mid-Atlantic region’s largest privately held CRE brokerage firm, has overseen the sale transaction of 23 acres of undeveloped industrial zoned land in Winchester, Va. KLNB’s Senior Vice President Scott Rabin represented the buyer, ZM Sheet Metal, in the sale. The selling price was not disclosed.…
Read ArticleWhen Michael Ginsburg joined KLNB in 2016, one of the main achievements he set for himself was to become a senior member of the brokerage team. "The long-term goal I set for myself was to become a principal at the company. It was an honor to have my hard work…
Read ArticleWashington, D.C. – KLNB, the Mid-Atlantic region’s largest privately held CRE brokerage firm, is thrilled to announce that it has been selected as the official leasing agent for two Rockville, Md. properties: Parklawn Business Park, located at 11820,11821, and 11900 Parklawn Drive, and Charleston Business Center, located at 11800-11836 Coakley…
Read ArticleWhen the leading publications in CRE want to get true expertise into the market, they know KLNB will deliver. Southeast Real Estate Business spoke with Beth Sargent to gain her insights into the health of the Mid-Atlantic region's commercial retail sector. While there have been some obstacles, commercial retail continues…
Read ArticleThe Mid-Atlantic office market is still encountering challenges, despite modest tenant activity, the prevailing trend is a reduction in office space utilization. Industrial and Flex market 3rd Quarter trends mirrored those in the 2nd Quarter. Even with tepid velocity, the lack of new inventory and low vacancies posed a challenging…
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