Q2 2012 Baltimore, Maryland Office Property Sales Analysis

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Q2 2012 Baltimore, Maryland Office Property Sales Analysis


Qualifying office investment sales were at an average pace by new normal standards in Baltimore in the second quarter of 2012 according to Reis.* The firm recorded just three single property deals for just $48.7 million at a mean price of $109 psf and a mean cap rate of 8.0%. The rolling 12 month cap rate, based on 21 deals, ended the quarter at 8.8%, about the same as the prior two quarters. In the quarter’s largest deal, The Goldstar Group sold the 216,201-square-foot Lakeview I and II in Columbia to the Archon Group LP in June for $30.2 million ($140 psf).