More great news up North for the Baltimore market. Major local employer Morgan Stanley is expanding and officially creating 800 new jobs over the next 4 years in the city. The new positions are support and operations roles that will revolve around their new Pratt Street area office complex. Their new space is 57,000 sq. ft. inside the Bank of America building at 100 S. Charles Street.
Morgan Stanley will have a total of about 250,000 sq. ft. spread between their two locations. By 2020, they will have a total Baltimore employee base of 1,800 people.
“More rumblings of major economic improvement and the growth of the Baltimore downtown market,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “A large portion of these support and operation jobs are ‘attainable positions’ for normal professionals – expect more investment in the city by major firms in the near future.”