Key Takeaways: Washington, DC continues to absorb a historic wave of new supply, with multifamily inventory expanding by nearly 30% since 2019. Elevated deliveries have pressured occupancy and rent growth in several urban submarkets, though sharply lower permitting...

Key Takeaways: Supply Pressure Is Easing: Development activity has slowed significantly across the Baltimore Metro, with fewer than 2,750 market-rate units under construction, down more than 50% from peak levels in 2023. Conditions Vary by County: Baltimore City...

Key Takeaways:   Southern Maryland’s multifamily market experienced a surge in new supply in 2025, reaching its highest level in more than 20 years. Development activity has been driven by sustained population growth across the tri-county region, with Charles,...

Key Takeaways: Strengthening Fundamentals: Demand outpaced deliveries for a second consecutive year, and with new supply running well below recent highs, overall vacancy declined approximately 100 basis points year-over-year as Baltimore’s restrained pipeline...

Key Takeaways: Tightening Fundamentals: With no new completions since Q1 2025, absorption outpaced deliveries, driving vacancies down 150 basis points year-to-date and keeping Baltimore’s market balanced compared to oversupplied Sun Belt metros. Stable Rent Growth:...

Key Takeaways: Baltimore Enters Period of Development SlowdownFewer than 800 units were delivered in the first half of the year, putting 2025 on track for the lowest annual total since 2010. The construction pipeline has also thinned, with active projects down 30...

Key Takeaways: Leasing momentum continues: Baltimore City experienced strong renter demand in Q2 2025, with overall vacancy dropping 80 basis points since the start of the year. Steady job growth has helped sustain apartment demand despite economic uncertainty. New...

Key Takeaways: Steady population growth has anchored absorption, with the tri-county area adding more than 12,000 new residents since 2021, a 3.3% increase. Overall vacancies have declined by more than 150 basis points year-over-year. Construction activity remains...

Key Takeaways: Renter demand remains strong. In Q1 2025, Baltimore City experienced continued leasing momentum, with vacancy declining by 30 basis points. This marks the first quarterly drop in vacancy since 2021, indicating that the market is effectively absorbing...