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 | Sep 9, 2024 | Insights, Research
As the Federal Reserve signals a likely interest rate cut in its upcoming meeting on September 18th, multifamily investors have reasons to be optimistic. After a period of aggressive rate hikes to combat decades-high inflation, the Fed’s shift in policy could...
by Harbor Stone Advisors | Aug 23, 2024 | Insights, Research
Towson is the largest and most populous city in Baltimore County, continuing to see steady population growth thanks to the sustained expansion of major institutions such as Towson University, GBMC HealthCare, the University of Maryland St. Joseph Medical Center, and...
by Harbor Stone Advisors | Aug 15, 2024 | Insights, Research
Several large multifamily projects initiated during the pandemic’s low interest rates are now completed, contributing to sustained high levels of apartment deliveries last year and throughout 2024. Over 3,200 new units have been delivered this year, with 2,500...
by Harbor Stone Advisors | Aug 9, 2024 | Insights, Research
The Baltimore MSA multifamily market has experienced a surge in renter demand in 2024, with a notably strong second quarter. First-half absorption totaled 2,574 units, the sixth highest since 2000. This high absorption is driven by increased consumer confidence,...
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...
