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...
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 | Jan 17, 2024 | Insights, Research
Multifamily investment in Baltimore is expected to increase in 2024, as a stable interest rate environment should push more deals to the finish line. The Federal Reserve has indicated multiple rate cuts are on the docket for this year and even more in 2025, thanks to...
by Harbor Stone Advisors | Jan 11, 2024 | Insights, Research
In 2023, the U.S. witnessed a historic surge in multifamily deliveries, with over 570,000 units completed, marking the highest annual total on record, according to CoStar data. This influx represents a notable inventory increase of over 3%, whereas Baltimore’s...
