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: Rents increased 1.4% year-over-year, outperforming the national average (~0.5%), as landlords prioritized occupancy and retention amid limited new supply.
- Improving Capital Market Sentiment: The Federal Reserve’s consecutive rate cuts and plans to end balance sheet runoff have boosted confidence, prompting regional banks to ease lending and encouraging more flexible deal structures among sellers.
