I participated in a
CoStar Advisory Board meeting for the Baltimore commercial real estate market yesterday. CoStar is the preeminent database for commercial properties. They conduct these quarterly meetings to get feedback from their users like
me. It works both ways. I often pick up something from these meetings I didn’t know before.
Yesterday I found out what the story was with the vacant space between
Costco and
Staples at the Gateway Overlook shopping center in Columbia. This prime retail space has been empty since the shopping center opened three years ago yet there is no
indication that it is available for lease.
It turns out that it is leased. In fact, it has been leased since the center was completed by
REI. They’ve just never occupied. It doesn’t look like they are planning to do so any time soon.
Yesterday I found out what the story was with the vacant space between Costco and Staples at the Gateway Overlook shopping center in Columbia. This prime retail space has been empty since the shopping center opened three years ago yet there is no indication that it is available for lease.
It turns out that it is leased. In fact, it has been leased since the center was completed by REI. They’ve just never occupied. It doesn’t look like they are planning to do so any time soon.
