Breaking down Greater Baltimore's 2016 commercial...

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Two new reports on Greater Baltimore’s commercial real estate market show that while leasing figures are slightly down, rental rates have risen. One report by Savills Studley showed that tenants leased 5 million square feet of office space last year, a 14.8 percent drop over the long-term average of 5.8 million square feet. Another report by Mackenzie Commercial Real Estate Services Inc. showed that overall real estate sales in 2016 were off in the Baltimore area, especially in the office property…