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Drop in downtown Baltimore real estate values not a crisis — yet | COMMENTARY

Eight years after its sale fetched more than $66 million, the 30-story office tower at One South Street in downtown Baltimore sold in June for $24 million and may signal a broader drop in commercial real estate values - and property tax collections. File. (Jerry Jackson/Baltimore Sun)
Jerry Jackson/Baltimore Sun
Eight years after its sale fetched more than $66 million, the 30-story office tower at One South Street in downtown Baltimore sold in June for $24 million and may signal a broader drop in commercial real estate values – and property tax collections. File. (Jerry Jackson/Baltimore Sun)
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It’s no secret that the COVID-19 pandemic has been unkind to the commercial real estate industry as large numbers of workers opted to stay at home and perform their duties virtually. Even now, many white collar employees continue to that pattern — or split time at home or office by commuting only one or two […]

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