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Business
Capital Gazette Communications
Published
02/08/09
Office vacancies in the state capital nearly doubled in the fourth quarter of 2008 compared with the same time the previous year, ending a bleak year for commercial real estate agents who hustled to lease space amid slowing demand. 
Paul W. Gillespie — The Capital
Jesse Kellner, of Hyatt Commercial, stands beside vacant office/retail space at 212-214 West St. in Annapolis. Office vacancies in Annapolis nearly doubled during the fourth quarter of 2008 to 11.63 percent from 6.74 percent in the fourth quarter of 2007.Find Us On Facebook
Vacancies in Annapolis rose to 11.63 percent in the fourth quarter, compared with 6.74 percent in the fourth quarter of 2007, according to the latest report from MacKenzie Commercial Real Estate Services released last month to The Capital. Asking rents, meanwhile, remained some of the highest in the state. Rents for the fourth quarter stood at $29.96 per square foot, up from $28.50 in...
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