The Baltimore industrial market has seen steady growth and increased demand throughout the first half of 2021, while showing no signs of slowing down. With more than 1.8 million sq. ft. of positive net absorption so far this year—551,000 sq. ft. of which was recorded during the second quarter—the market is on pace to surpass the 3.2 million sq. ft. of occupancy gains from 2020. The return of small- to mid-cap companies to the market has been substantial during the quarter, with 274,930 sq. ft. of positive net absorption for flex and small-bay warehouse product. Most of these tenants settled in the Baltimore/Washington Corridor.