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 8, 2024 | Insights, Research
Since last spring, renter demand for multifamily properties in Baltimore has posted four straight quarters of positive absorption. Rising consumer sentiment and steady job growth have allowed many to return to the renting pool. Elevated rent growth in 2022 caused a...
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 | Feb 23, 2024 | Insights, Research
Maryland is home to several leading institutions in the tech space. Developments in 2023 promise further growth in the region through 2024 and beyond, including thousands of new jobs and millions in federal funding. University of Maryland Bio Park Left: 4MLK, a new...
by Harbor Stone Advisors | Feb 16, 2024 | Insights, Research
Multifamily completions picked up nationwide in 2023, with more than 570,000 units opening their doors. However, Mid-Atlantic markets experienced fewer deliveries than many parts of the country, mainly in the South. A handful of neighborhoods in Baltimore and D.C....
by Harbor Stone Advisors | Feb 9, 2024 | Insights, Research
Job growth in the Baltimore metropolitan area grew by 2.1% in 2023, adding nearly 30,000 jobs, according to the latest data from the U.S. Bureau of Labor Statistics. Total non-farm employment grew by 3,500 jobs in December. This growth supported increased leasing...
