Lee & Associates Sponsors Industrial Market Update at Rye Street Tavern

12/14/17

The Lee & Associates Maryland team: Allan Riorda, SIOR, Marley Welsh, Kate Jordan, Ned Brady and Tom Whelan.

According to the presentation, twenty different industrial projects, comprising nearly 7.3 million square feet of space will be delivered or is under construction in 2018 in the greater Baltimore metropolitan region. In addition, approximately 1.6 million square feet of commercial office space is being developed, as well as 1.2 million square feet of retail space, 600,000 square feet of hotel space and 10,000 new multi-family units. The overall commercial real estate industry appears poised to continue generating consistent, healthy demand in 2018


Rye Street Tavern 


Mac McCulloch, First Industrial Realty Trust; Marley Welsh and Kate Jordan, Lee & Associates


Steve Weiss, Lee & Associates; Davis Emory, Emory Properties; Tom Whelan, Lee & Associates.


Benjamin Wu, Maryland Department of Commerce; Bob Bergin, Feldman Bergin Development; John Von Buskirk, Lee & Associates and Marley Welsh, Lee & Associates.

In his remarks, Benjamin Wu of the Maryland Department of Commerce said that “Maryland is firing on all cylinders and has generated more than 135,000 new jobs since Governor Larry Hogan took office. The State’s unemployment rate is currently 3.8%, which makes it among the lowest in the country and significantly below the national rate of 4.4%. In Baltimore, we are known for having three birds. The Ravens, The Orioles and, with all the construction underway, Cranes.”


Kevin Coughlin, High Street Realty; Jerry Wit, Greenfield Partners, Allan Riorda, Lee & Associates.


Todd Summerfield, Liberty Property Trust; Allan Riorda, Lee & Associates and Todd Evans, FRP Development Corp.


Danielle Schline, Prologis; Thomas Hinder, Prologis; Kate Jordan, Lee & Associates; Nicole Bonnin, Lee & Associates.


Tom Whelan, Lee & Associates with Tom Meehan, DCT Industrial

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