baltimore downtown office_report_january 2016

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CBD/Inner Harbor By Decade Building Name Address Year Built RBA Direct SF Available Direct Rate Direct Vacancy Sublet Vacancy Sublet Rate Total SF Available Total Vacancy One Charles Center 100 North Charles Street 1963 284,760 126,914 21.75 $ 44.57% 9,337 16.50 $ 136,251 47.85% The Blaustein Building 1 North Charles Street 1963 287,068 93,336 16.50 $ 32.51% 0 - 93,336 32.51% Sun Life Building 20 South Charles Street 1966 115,000 17,429 17.00 $ 15.16% 0 - 17,429 15.16% 201 North Charles 201 North Charles Street 1969 258,000 23,434 20.00 $ 9.08% 517 - 23,951 9.28% 1960's Subtotals 944,828 261,113 27.64% 9,854 270,967 28.68% PNC Building 2 Hopkins Plaza 1970 404,000 339,127 19.50 $ 83.94% 339,127 83.94% M&T Bank Building 25 South Charles Street 1972 343,343 15,784 22.50 $ 4.60% 0 - 15,784 4.60% W.R. Grace Building 10 East Baltimore Street 1973 168,390 53,506 18.50 $ 31.78% 0 - 53,506 31.78% Transamerica Tower 100 Light Street 1973 530,000 21,112 31.75 $ 3.98% 8,882 - 29,994 5.66% Charles Center South 36 South Charles Street 1973 299,000 82,066 23.00 $ 27.45% 0 - 82,066 27.45% 100 East Pratt 100 East Pratt Street 1975 World Trade Center 401 East Pratt Street 1976 278,460 66,807 22.50 $ 23.99% 66,807 23.99% 1 East Pratt 1 East Pratt Street 1977 320,000 61,658 27.50 $ 19.27% 61,658 19.27% Bank of America I 100 South Charles Street 1979 430,000 154,451 30.00 $ 35.92% 154,451 35.92% 1970's Subtotals 2,773,193 794,511 28.65% 8,882 803,393 28.97% Inner Harbor Center 400 East Pratt Street 1982 145,000 3,740 24.00 $ 2.58% 5,000 16.00 $ 8,740 6.03% One Center Plaza 120 West Fayette Street 1983 154,000 85,218 19.00 $ 55.34% 0 - 85,218 55.34% 300 E. Lombard 300 East Lombard Street 1984 231,283 8,430 22.00 $ 3.64% 1,200 9,630 4.16% Wells Fargo Tower 7 St. Paul Street 1985 373,954 100,797 23.50 $ 26.95% 10,606 16.00 $ 111,403 29.79% 250 West Pratt 250 West Pratt Street 1985 357,112 3,312 25.00 $ 0.93% 2,364 19.50 $ 5,676 1.59% B&O Building 2 North Charles Street 1985R 40,270 6,953 14.95 $ 17.27% 0 - 6,953 17.27% Harbor Court 575 South Charles Street 1986 72,042 6,920 18.50 $ 9.61% 1,200 - 8,120 11.27% Redwood Tower 217 East Redwood Street 1987 203,000 55,030 21.00 $ 27.11% 0 - 55,030 27.11% Bank of America II 100 South Charles Street 1988 159,000 47,958 20.50 $ 30.16% 0 - 47,958 30.16% Harborplace Tower 111 South Calvert Street 1988 260,000 50,285 27.50 $ 19.34% 5,000 - 55,285 21.26% SunTrust Bank Building 120 East Baltimore Street 1989 327,660 43,036 24.00 $ 13.13% 43,036 13.13% Saint Paul Plaza 200 St. Paul Place 1989 280,000 4,660 25.00 $ 1.66% 0 - 4,660 1.66% Candler Building 111 Market Place 1989R 537,363 13,872 14.79 $ 2.58% 22,097 14.00 $ 35,969 6.69% 300 West Pratt 300 West Pratt Street 1989R 52,708 28,556 22.55 $ 54.18% 0 - 28,556 54.18% 1980's Subtotals 3,193,392 458,767 14.37% 47,467 506,234 15.85% 100 East Pratt 100 East Pratt Street 1991R 635,323 2,562 $30.00 est 0.40% - 2,562 0.40% Stifel Building 1 South Street 1992 479,000 56,443 22.35 $ 11.78% 41,917 19.00 $ 98,360 20.53% City Crescent 10 South Howard Street 1993 270,369 0 17.00 $ 0.00% 0 - 0 0.00% Power Plant 601 East Pratt Street 1998R 100,000 35,000 30.00 $ 35.00% 0 - 35,000 35.00% 1990's Subtotals 1,484,692 94,005 6.33% 41,917 135,922 9.15% 750 East Pratt 750 East Pratt Street 2002 314,303 19,685 - 6.26% - 19,685 6.26% Dugan's Wharf 621 East Pratt Street 2002 172,000 12,906 32.50 + utilities 7.50% 0 12,906 7.50% Lockwood Place 500 East Pratt Street 2004 260,850 3,535 32.50 $ 1.36% 0 3,535 1.36% 2000's Subtotals 747,153 36,126 4.84% 0 36,126 4.84% (See Renovated 100 East Pratt Below) Baltimore Downtown Office Statistics January 2016

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CBD/Inner Harbor By Decade

Building Name AddressYear Built RBA

Direct SF Available Direct Rate

Direct Vacancy

Sublet Vacancy Sublet Rate

Total SF Available

Total Vacancy

One Charles Center 100 North Charles Street 1963 284,760 126,914 21.75$ 44.57% 9,337 16.50$ 136,251 47.85%The Blaustein Building 1 North Charles Street 1963 287,068 93,336 16.50$ 32.51% 0 - 93,336 32.51%Sun Life Building 20 South Charles Street 1966 115,000 17,429 17.00$ 15.16% 0 - 17,429 15.16%201 North Charles 201 North Charles Street 1969 258,000 23,434 20.00$ 9.08% 517 - 23,951 9.28%

1960's Subtotals 944,828 261,113 27.64% 9,854 270,967 28.68%PNC Building 2 Hopkins Plaza 1970 404,000 339,127 19.50$ 83.94% 339,127 83.94%M&T Bank Building 25 South Charles Street 1972 343,343 15,784 22.50$ 4.60% 0 - 15,784 4.60%W.R. Grace Building 10 East Baltimore Street 1973 168,390 53,506 18.50$ 31.78% 0 - 53,506 31.78%Transamerica Tower 100 Light Street 1973 530,000 21,112 31.75$ 3.98% 8,882 - 29,994 5.66%Charles Center South 36 South Charles Street 1973 299,000 82,066 23.00$ 27.45% 0 - 82,066 27.45%100 East Pratt 100 East Pratt Street 1975World Trade Center 401 East Pratt Street 1976 278,460 66,807 22.50$ 23.99% 66,807 23.99%1 East Pratt 1 East Pratt Street 1977 320,000 61,658 27.50$ 19.27% 61,658 19.27%Bank of America I 100 South Charles Street 1979 430,000 154,451 30.00$ 35.92% 154,451 35.92%

1970's Subtotals 2,773,193 794,511 28.65% 8,882 803,393 28.97%Inner Harbor Center 400 East Pratt Street 1982 145,000 3,740 24.00$ 2.58% 5,000 16.00$ 8,740 6.03%One Center Plaza 120 West Fayette Street 1983 154,000 85,218 19.00$ 55.34% 0 - 85,218 55.34%300 E. Lombard 300 East Lombard Street 1984 231,283 8,430 22.00$ 3.64% 1,200 9,630 4.16%Wells Fargo Tower 7 St. Paul Street 1985 373,954 100,797 23.50$ 26.95% 10,606 16.00$ 111,403 29.79%250 West Pratt 250 West Pratt Street 1985 357,112 3,312 25.00$ 0.93% 2,364 19.50$ 5,676 1.59%B&O Building 2 North Charles Street 1985R 40,270 6,953 14.95$ 17.27% 0 - 6,953 17.27%Harbor Court 575 South Charles Street 1986 72,042 6,920 18.50$ 9.61% 1,200 - 8,120 11.27%Redwood Tower 217 East Redwood Street 1987 203,000 55,030 21.00$ 27.11% 0 - 55,030 27.11%Bank of America II 100 South Charles Street 1988 159,000 47,958 20.50$ 30.16% 0 - 47,958 30.16%Harborplace Tower 111 South Calvert Street 1988 260,000 50,285 27.50$ 19.34% 5,000 - 55,285 21.26%SunTrust Bank Building 120 East Baltimore Street 1989 327,660 43,036 24.00$ 13.13% 43,036 13.13%Saint Paul Plaza 200 St. Paul Place 1989 280,000 4,660 25.00$ 1.66% 0 - 4,660 1.66%Candler Building 111 Market Place 1989R 537,363 13,872 14.79$ 2.58% 22,097 14.00$ 35,969 6.69%300 West Pratt 300 West Pratt Street 1989R 52,708 28,556 22.55$ 54.18% 0 - 28,556 54.18%

1980's Subtotals 3,193,392 458,767 14.37% 47,467 506,234 15.85%100 East Pratt 100 East Pratt Street 1991R 635,323 2,562 $30.00 est 0.40% - 2,562 0.40%Stifel Building 1 South Street 1992 479,000 56,443 22.35$ 11.78% 41,917 19.00$ 98,360 20.53%City Crescent 10 South Howard Street 1993 270,369 0 17.00$ 0.00% 0 - 0 0.00%Power Plant 601 East Pratt Street 1998R 100,000 35,000 30.00$ 35.00% 0 - 35,000 35.00%

1990's Subtotals 1,484,692 94,005 6.33% 41,917 135,922 9.15%750 East Pratt 750 East Pratt Street 2002 314,303 19,685 - 6.26% - 19,685 6.26%Dugan's Wharf 621 East Pratt Street 2002 172,000 12,906 32.50 + utilities 7.50% 0 12,906 7.50%Lockwood Place 500 East Pratt Street 2004 260,850 3,535 32.50$ 1.36% 0 3,535 1.36%

2000's Subtotals 747,153 36,126 4.84% 0 36,126 4.84%

(See Renovated 100 East Pratt Below)

Baltimore Downtown Office Statistics January 2016

Non CBD/Inner Harbor Building By Geographical Area Address

Year Built RBA

Direct SF Available Direct Rate

Direct Vacancy

Sublet Vacancy Sublet Rate

Total SF Available

Total Vacancy

RateBrown's Wharf 1613-1617 Thames Street 1988R 104,115 10,456 26.50$ 10.04% - - 10,456 10.04%1000 Lancaster 1000 Lancaster Street 1996 132,692 5,172 Neg. 3.90% 0 - 5,172 3.90%Bagby Building 509 South Exeter Street 1999R 82,369 6,575 21.55$ 7.98% 26.00$ 6,575 7.98%Union Box Building 1820 Lancaster Street 1999R 45,000 0 24.60$ 0.00% - 0 0.00%1001 Fleet 1001 Fleet Street 2000 213,000 29,524 Neg. 13.86% - 29,524 13.86%720 Aliceanna 720 Aliceanna Street 2001 52,626 - - 0.00% - - - 0.00%Bond Street Wharf 901 South Bond Street 2002 214,314 Neg. 0.00% 0 - 0 0.00%Trahan, Burden & Charles Building 900 South Wolfe Street 2003 31,700 - - 0.00% - - - 0.00%Broom Corn Building 1407 Fleet Street 2004R 34,096 0 Neg. 0.00% - - 0 0.00%EJ Codd Building 700 South Caroline Street 2004R 31,329 5,433 Neg. 17.34% - 5,433 17.34%650 Exeter 650 Exeter Street 2007 170,000 0 $25.00/nnn 0.00% 0 - 0 0.00%Legg Mason Tower 100 International Drive 2009 544,000 19,677 $30.00/nnn 3.62% 32,263 - 51,940 9.55%Thames Street Wharf 1300 Thames Street 2010 277,112 23,471 35.00$ 8.47% - - 23,471 8.47%

Harbor East & Fells Point Subtotals 1,932,353 100,308 5.19% 32,263 132,571 6.86%Lighthouse Point 2700 Boston Street 1990 67,140 650 25.00$ 0.97% - - 650 0.97%American Can - Signature Building 2400 Boston Street 1998R 56,874 0 Neg. 0.00% 31,168 - 31,168 54.80%American Can - 1895 Building 2400 Boston Street 1998R 120,000 - - 0.00% - - - 0.00%Canton Crossing II 3301 Boston Street 2002R 80,000 - 22.00$ 0.00% 0 - - 0.00%Natty Boh Building 3600 O'Donnell Street 2004R 160,000 4,334 28.00$ 2.71% 3,920 - 8,254 5.16%Lager/Barrel Building 3601-3607 O'Donnell Street 2004R 41,262 - - 0.00% - - - 0.00%The National East Building 3700 O'Donnell Street 2005R 50,590 16,375 $5.50/mg 32.37% - - 16,375 32.37%Canton Crossing Tower 1501 South Clinton Street 2006 476,910 11,029 29.00 + utilities 2.31% 11,029 2.31%The Duck Building 3700-B O'Donnell Street 2007R 25,017 - 0.00% - - 0 0.00%

Canton Subtotals 1,077,793 32,388 3.01% 35,088 67,476 6.26%Tide Point / Tide 1010 Hull Street 2000R 43,570 0 - 0.00% 0 - - 0.00%Tide Point / Ivory 1020 Hull Street 2000R 99,602 0 - 0.00% 0 - - 0.00%Tide Point / Cascade 1030 Hull Street 2000R 118,336 0 0.00% 0 - 0 0.00%Tide Point / Joy 1040 Hull Street 2000R 41,250 0 - 0.00% 0 - - 0.00%Tide Point / Dawn 1050 Hull Street 2000R 82,709 0 - 0.00% 0 - - 0.00%The Foundry on Fort 921-979 East Fort Avenue 2003R 62,048 4,859 Neg. 7.83% 4,004 - 8,863 14.28%McHenry Row 1500 Whetstone Way 2010 82,500 0 0.00% 0 - 0 0.00%

South Baltimore Subtotals 530,015 4,859 0.92% 4,004 8,863 1.67%Camden Yards Warehouse 323-351 West Camden Street 1991R 350,000 37,253 22.00$ 10.64% 0 - 37,253.0000 10.64%Camden Station 301 West Camden Street 2005R 38,000 22,500 20.00$ 59.21% 0 - 22,500.0000 59.21%

Stadium/West Subtotals 388,000 59,753 15.40% 0 59,753 15.40%

CBD/Inner Harbor 1960's Space 944,828 261,113 27.64% 9,854 270,967 28.68%TOTAL CBD/Inner Harbor 1970's Space 2,773,193 794,511 28.65% 8,882 803,393 28.97%

SQUARE CBD/Inner Harbor 1980's Space 3,193,392 458,767 14.37% 47,467 506,234 15.85%FOOTAGE CBD/Inner Harbor 1990's Space 1,484,692 94,005 6.33% 41,917 135,922 9.15%

CBD/Inner Harbor 2000's Space 747,153 36,126 4.84% 0 36,126 4.84%CBD/Inner Harbor SUBTOTAL 9,143,258 1,644,522 17.99% 108,120 1,752,642 19.17%

Harbor East/Fells Point 1,932,353 100,308 5.19% 32,263 132,571 6.86%Canton 1,077,793 32,388 3.01% 35,088 67,476 6.26%South Baltimore 530,015 4,859 0.92% 4,004 8,863 1.67%Stadium/West 388,000 59,753 15.40% 0 59,753 15.40%NON CBD SUBTOTAL 3,928,161 197,308 5.02% 71,355 268,663 6.84%

TOTAL OFFICE SPACE 13,071,419 1,841,830 14.09% 179,475 2,021,305 15.46%