South Baltimore Gateway Industrial Analysis and Strategy
Baltimore Development Corporation
BAE prepared an economic development analysis and strategy of Baltimore’s largest and oldest industrial area, the South Baltimore Gateway, for the City’s economic development agency, the Baltimore Development Corporation (BDC).
This project includes a market analysis of the entire area, which includes two primary industrial areas, Carroll Camden, in vicinity of the Horseshoe Casino and the M&T Bank Stadium (home of the Baltimore Ravens of the National Football League) and the larger South Baltimore Gateway, which encompasses all of South Baltimore industrial areas south of the Chesapeake Bay Inner Harbor.
The BDC commissioned the study to analyze the area’s overall economic position in light of development pressures for other commercial and residential uses. The first part of the study is a comprehensive market analysis that includes demographic and economic trends for the area. The economic analysis includes a real estate conditions report detailing current sales and leasing data, occupancy levels, vacancy levels, current and projected industrial employment trends, industrial sector trends, the status of the range of industry sectors in the area and other information.
The second part of the study is a Future Opportunities Analysis and Strategy. This part of the project outlines competitive advantages and challenges for the South Baltimore industrial areas. The analysis identifies sites prime for redevelopment; recommends adjustments to policy and regulations and new incentives to encourage redevelopment of blighted vacant buildings and empty lots; new funding sources for small businesses to make capital improvements or purchase new equipment; and increasing flexibility for industrial/retail uses such as artisan makers, craft breweries and distilleries.