Lee & Associates Maryland Achieves Transactional Volume Of $350M, Representing 33% Increase From Previous Year

1/10/18

Fourteen full-time brokerage professionals complete 182 which is 20% rise from 2016


Alex Montague, Marley Welsh, Steve Larsen, Ned Brady, Aubrey Hopkins, Allan Riorda, Dennis Boyle, Fariha Khalid, Bill Harrison, Sam Crowther, Steve Weiss, Tom Whelan, Nicole Bonnin, Kate Jordan.

Lee & Associates Maryland achieved transactional volume of $350 million in 2017 on the strength of 182 separate commercial office, industrial and retail leasing and sale transactions, a figure that represents a 33% increase from the previous year. The number of transactions completed by the company’s fourteen full-time brokerage professionals was a 20% rise over the previous year and included nineteen building sales. Lee & Associates Maryland is the local affiliate of the largest broker-owned commercial real estate firm in North America.

“Since establishing the Maryland office in 2013, we have improved our transactional volume exponentially each year and, in 2017, we achieved the highest totals in our history,” stated Allan Riorda, SIOR, President and Principal of the Lee & Associates Maryland office. “This momentum was achieved by attracting and retaining the top brokerage professionals in the region, combined with an unrelenting work ethic that consistently delivers thoughtful real estate solutions to our clients. Our results were also a testament to the continued strength of the Baltimore-Washington, D.C. real estate marketplace and the business economy in general.”

Over the past four years, the local office has grown to more than twenty employees, including fourteen brokerage agents as well as five professionals working for Lee Chesapeake Property Management, LLC. In 2017, Lee & Associates unveiled a new corporate imaging and brand identity package that reflects the progressive and pro-active approach embraced by the organization.

“The most active real estate product was and remains the flex/office and industrial category, as fueled by the continued proliferation of on-line retail sales and the on-going need for high-quality and strategically-located real estate space to support logistics,” added Tom Whelan, Principal for Lee & Associates. “As evidenced by an approximate 6.1% commercial office vacancy rate, the Howard County marketplace finished 2017 as the healthiest jurisdiction in the region. Maryland’s 3.9% unemployment rate also tells an important story, as local business continue to have the confidence to hire workers.”

About Lee & Associates

Celebrating more than 37 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC, Washington and Wisconsin. With more than 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates, visit http://www.lee-associates.com, or follow us on Facebook, LinkedIn and Twitter.

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