Hyatt Commercial Completes Office Lease in Maryland with Medical Practice
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed office deal value tracked in August 2026: $15.4B across 54 reported transactions. All Office coverage →
- 31 stories mentioning Hyatt on the wire in the past 90 days. Hyatt coverage →
Computed from Real Estate Trail’s own tracked coverage
Hyatt Commercial announced that Menocal Family Practice has leased approximately 8,000 square feet at 1800 Dual Highway in Hagerstown, Maryland. Hyatt Commercial brokers Treva Ghattas and Laurie Murphy-Zuiderhof repre…
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