by Harbor Stone Advisors | Sep 13, 2024 | Market Research, Research
Key Takeaways: Baltimore County’s multifamily market is experiencing low construction activity, with just under 240 units delivered since 2022. This trend is expected to persist in the near term, as elevated interest rates and stringent lending conditions have slowed...
by Harbor Stone Advisors | Aug 2, 2024 | Market Research, Research
Key Takeaways: – In the first half of 2024, there was a significant increase in multifamily demand in Baltimore City. The labor market, demonstrating resilience, fueled this surge in renter demand at the beginning of the year. The city’s unemployment rate is...
by Harbor Stone Advisors | Mar 15, 2024 | Market Research, Research
Key Takeaways: – Western Maryland experienced a significant slowdown in multifamily investment activity in 2023, with total sales volume reaching just over $35 million. Between 2014 and 2022, these regions consistently contributed over $200 million annually in...
by Harbor Stone Advisors | Mar 1, 2024 | Market Research, Research
Key Takeaways: – Multifamily deal velocity dropped by roughly 70% year-over-year in Southern Suburban Maryland due to a volatile economic environment with several rate increases by the Federal Reserve. – The 10-year treasury rate has remained at 4.3% or...
by Harbor Stone Advisors | Jan 25, 2024 | Market Research, Research
Key Takeaways: Rent growth in Baltimore outpaced fast-growing markets like Miami, Nashville, Phoenix, and Raleigh. Renter demand saw a noticeable uptick during the 2023 leasing season, and that momentum carried over into the winter months as well. Multifamily...
by Harbor Stone Advisors | Oct 8, 2023 | Market Research, Research
Key Takeaways: Multifamily deal activity has slowed significantly in Prince George’s County in 2023, with sales volume totaling 37.6 million year-to-date, a significant drop below the county’s five-year average of $1.13 billion. This is caused by the...
