Key Takeaways:
- Despite elevated new deliveries in 2024, strong renter demand has stabilized vacancy rates, allowing landlords to push rents, with rent growth expected to accelerate through 2025.
- Multifamily development in the Baltimore Metro is slowing due to declining permits and new zoning restrictions, particularly in Baltimore County, which could constrain future supply.
- Investors are gravitating toward value-add and suburban multifamily properties, while tightening credit conditions have pushed many toward alternative financing solutions.
