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Headquarters projects drive near-decade high of new office space in Baltimore

T. Rowe Price, Under Armour add more than 800,000 square feet to market
Under Armour's new headquarters in the Baltimore Peninsula, formerly Port Covington, added 280,000 square feet of office space to the market. (CoStar)
Under Armour's new headquarters in the Baltimore Peninsula, formerly Port Covington, added 280,000 square feet of office space to the market. (CoStar)
CoStar Analytics
May 6, 2025 | 4:06 P.M.

Led by headquarters openings, the Baltimore area saw its most office space completed in nearly a decade, and more than in the last six quarters combined, in the first quarter of 2025.

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