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 | Apr 4, 2024 | Insights, Research
Consumer spending patterns have undergone significant transformations since the beginning of the pandemic, with specific retail sectors, such as restaurants, experiencing notable expansions. Retail establishments in the food and beverage industry constituted nearly...
by Harbor Stone Advisors | Mar 22, 2024 | Insights, Research
Frederick County’s population is growing quickly, faster than any other county in Maryland, according to new Census Bureau estimates. Frederick’s population has grown by roughly 2% annually since 2010, outpacing all counties in Maryland. In 2023, Frederick added...
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...
