WASHINGTON/BALTIMORE CONDOMINIUM MARKET REPORT by Subscription Only NOT Prepared for Exclusive Use of Subscribers on September 30, 2017 FOR

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WASHINGTON/BALTIMORE CONDOMINIUM MARKET REPORT by Subscription Only NOT Prepared for Exclusive Use of Subscribers on September 30, 2017 FOR NOT FOR REDISTRIBUTION TWOQ3 THOUSAND SEVENTEEN sponsored by DEVELOPER SERVICES DIVISION WASHINGTON/BALTIMORE CONDOMINIUM MARKET REPORT By Subscription Only NOT Prepared For Exclusive Use of Subscribers On September 30, 2017 FOR REDISTRIBUTION © Delta Associates, 2017. All rights reserved. You may neither copy nor disseminate this report. If quoted, proper attribution is required. Although the information contained herein is based on sources which Delta Associates (DA) believes to be reliable, DA makes no representation or warranty that such information is accurate or complete. All prices, yields, analyses, computations, and opinions expressed are subject to change without notice. Under no circumstances should any such information be considered representations or warranties of DA of any kind. Any such information may be based on assumptions which may or may not be accurate, and any such assumption may differ from actual results. This report should not be considered investment advice. Please see www.DeltaAssociates.com for more information on our reports. Go ahead, checkNOT us out. We got a makeover – did you notice? Our goal is to improve and deliver quality services and publications consistently and we’re excited to unveil new user-friendly Mid-Atlantic quarterlyFOR reports. Explore some of the changes we made and how to take advantage of the new layout below. REDISTRIBUTION Table of Contents Economy KEEP IT MOVING Washington Area Office GET NOTICED Baltimore Area Office Get where you need to be Glossary + Methodology Our new layout at the push of a button - encourages links, no, not Uber, our internal buttons, and other navigation menu, of interactive features. course! 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NOT QUARTERLY PUBLICATIONS MULTIFAMILY MARKET FOR OFFICE MARKET REDISTRIBUTION MID-ATLANTIC WASHINGTON METRO AREA WASHINGTON/BALTIMORE PHILADELPHIA WASHINGTON/BALTIMORE CLASS A APARTMENT CLASS B APARTMENT CONDOMINIUM CLASS A APARTMENT OFFICE MARKET REPORT MARKET REPORT MARKET REPORT MARKET REPORT MARKET REPORT A comprehensive report on A comprehensive report on apartment A comprehensive report on An executive summary-style report A comprehensive report on office apartment market conditions, market conditions, focusing on the condominium market conditions, on apartment market conditions, market conditions, focusing on the focusing on the following indicators: following indicators: focusing on the following indicators: focusing on the following indicators: following indicators: • National/regional economy analyses • National/regional economy analyses • National/regional economy analyses • National/Regional economy analyes • National/regional economy analyses • Regional condo market summary • Regional apartment market summary • Regional apartment market summary • Regional apartment market summary • Metropolitan area and substate area • Regional apartment market summary • Key market statistics for 30 • Regional condo market summary • Key market statistics for all major office market summaries • Key market statistics for 49 submarkets and regional totals for: • Key market statistics for 12 submar- submarkets and regional totals for: • Key market statistics (All Space submarkets and regional totals for: º Current rents and rent change kets and regional totals for: º Current rents and rent change and Class A Space) for all major º Current rents and rent change º Vacancy º Sales trends for new and resale º Vacancy submarkets º Vacancy º Concessions condo units º Concessions • Additional data including: º Concessions • Renovation information including º Historic condo unit price changes º Absorption º Supply/demand analysis º Absorption budget and timetable º Development pipeline º Development pipeline º Rental rate and tenant º Development pipeline • Multifamily building sales • Additional data including: º Multifamily building sales improvements data º Multifamily building and land º Absorption pace º Average lease terms and operating sales º Multifamily building and land expenses sales º Delivered, planned and proposed SF space º Building and land sales º Investment returns º Cap rate trends View samples of our quarterly publications and reports at deltaassociates.com/reports-and-publications. 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Information sales volume, and days on market. this year-end report, which also labor force data, GDP growth, is included on vacancy rates, addresses property performance, interest rates, and employment rents, investment sales, projects cap rate trends, investment returns, changes from year to year. of interest, and key trends in the development costs, and business retail market. outlooks. View samples of our quarterly publications and reports at deltaassociates.com/reports-and-publications. NOT FOR REDISTRIBUTION Want to see your ad on this page? Download our media kit to find out about our advertising opportunities. NOT FOR DEVELOPER SERVICES REDISTRIBUTION THE POWER OF OUR BRAND The power of TTR Sotheby’s International Realty Developer Services offers developers multiple advantages that no other firm can. 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