Amidst an uneven economic recovery, the Baltimore industrial market remains a bright spot for the region, posting 1.5 million sq. ft. of positive net absorption in Q4, nearly tripling gains from the prior quarter. This brought total occupancy gains in 2020 to 3.2 million sq. ft., following a record year in 2019 in which the market posted nearly 10 million sq. ft. of net demand growth. Gross leasing activity picked up from the prior quarter by 24%, closing Q4 at a robust 4.2 million sq. ft. Of note, the Baltimore-Washington Corridor has been the largest driver of growth in 2020, contributing 79% of occupancy gains in Q4 and 52% of total net absorption during the year.