Silver Springer
January 30th, 2007, 02:35 AM
Anyone have the full article?
Maryland 'burbs catch office spec-building fever
Washington Business Journal - January 26, 2007by Prabha NatarajanStaff Reporter
The swaths of undeveloped land along arterial highways in suburban Maryland have caught developers' and investors' fancy, creating a rash of speculative commercial buildings in a relatively overlooked area.
Recent reports estimate that more than 1.5 million square feet of spec office space is under construction in Montgomery and Prince George's counties, nearly three-fourths of all development in that region, although only 14 percent is leased so far.
Maryland 'burbs catch office spec-building fever
Washington Business Journal - January 26, 2007by Prabha NatarajanStaff Reporter
The swaths of undeveloped land along arterial highways in suburban Maryland have caught developers' and investors' fancy, creating a rash of speculative commercial buildings in a relatively overlooked area.
Recent reports estimate that more than 1.5 million square feet of spec office space is under construction in Montgomery and Prince George's counties, nearly three-fourths of all development in that region, although only 14 percent is leased so far.