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Maryland has seen a major boom in industrial construction activity. Since 2011, 28
warehouse/distribution (W/D) projects have delivered. But, with year-over-year leasing activity down
by 24.2% in the W/D sector and 13 W/D projects currently under construction totaling 2.4 million
square feet (msf), one has to question is supply outpacing demand?
61%
1.5
14
3,500,000
12
12
11
3,000,000
10
9
2,500,000
2,000,000
7
6
1,500,000
500,000
1,000,000
2
0
2011
2012
2013
2014
# of Leases
2015
# of Spec Leases
2013
2014
2015 QTD
Leased @ Delivery
Speculative Built
LAVETTE LAGON
Senior Research Analyst
(410) 685 9243
lavette.lagon@cushwake.com
www.cushmanwakefield.com
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