News

In 2002, Southern Management Companies transformed the former 15-story Standard Oil Building on 501 St. Paul Street from its previous commercial office configuration to a multifamily use, initiating a wave of conversions across the greater Baltimore region. This trend has continued for more than two decades, including high-profile transformations of…

Seven pairs of commercial real estate professionals are presently engaged in the CREDA Developing Leaders Mentorship Program, which matches CREDA DL members, aged 35 years and under, with seasoned veterans. The individual pairings began meeting monthly last fall and will continue to engage until the session concludes this spring. The…

YourSpace Storage, Bel Air, Maryland After a few years of increasing vacancies and softening rents, the saturated self-storage market in central Maryland seems to be showing some signs of improvement. “The nationals have saturated this area,” said Teresa Rosier, Vice President of Peak Management, LLC. …

Faced with budget challenges at the state and local levels, the 2025 General Assembly is considering nearly a dozen bills that would authorize “special rates”—different tax rates for commercial, residential and industrial property classes and subclasses. Most bills originate in the House of Delegates and are supported by local governments…

The Trump Administration’s mandate calling for all employees of the federal government to immediately return to the office or face termination was music to the ears of downtown DC landlords, shop owners, restaurants, and assorted stakeholders in the greater DMV region. But after managing totally remote or hybrid work schedules…

Expansion of Maryland’s first data center campus combined with actions by county and state governments are creating some optimism that Maryland could develop a data center submarket, albeit on a moderate scale. In December, Frederick County officials overwhelmingly approved plans by Rowan Digital Infrastructure to build the Bauxite II and…

Proposed legislation by the Maryland Department of the Environment (MDE) would authorize the state to establish building energy use limits by building type and impose fees for failure to comply. House Bill 49 / Senate Bill 256 is the latest effort by the department…

From the interest rate environment, office vacancy levels and shortage of developable land to a new federal administration and the ongoing debate about decarbonizing buildings, the commercial real estate industry may face a dizzying array of challenges and opportunities in 2025. The arrival of a new federal administration and transition…

Real estate development companies and brokerage professionals alike are predicting robust activity among all asset classes in the year ahead. CREDA Maryland sat down with David Fritz, CCIM, SIOR, Principal, KLNB; Matt Laraway, Senior Vice President, CBRE; and Morgan Wimbrow, Vice President, MacKenzie Commercial Real Estate Services to get their…

At the Winter MACo meeting, Governor Wes Moore warned of the urgent need to fuel higher economic growth. Photo courtesy of Pat Siebert. Could a historic budget crisis propel Maryland into an era of business-friendly policies and a higher growth economy? That seems to be the wish of…