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This Maryland County Leads Population and Job Growth, Fuels Apartment Development
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...
Multifamily Demand Turns the Corner, Vacancies Stabilize in Baltimore
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...
Maryland’s Ever-Growing Presence in the Tech Scene
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...
These are the Fastest Growing Multifamily Neighborhoods in Maryland and D.C.
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....
Baltimore Job Growth Propelled Multifamily Demand in 2023
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...
Baltimore’s 2024 Multifamily Outlook
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...
Breaking Down Baltimore’s Performance Amidst Record-Breaking Multifamily Deliveries In 2023
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...
Why Some Property Owners Are Opting For Seller Financing In Today’s Market
The landscape of today’s economy has led property owners and prospective buyers to explore alternative avenues like seller financing and assumable debt. Sellers with limited to no debt on assets can make a 1st position loan, which is much less risky than 2nd position....
Multifamily Market in Minutes: Baltimore County
An Update on Baltimore County's Multifamily Market Multifamily Market in Minutes Multifamily Market in Minutes is a brief overview of key trends and figures related to commercial investments in Baltimore. Three figures to know thus far in 2023 are: $172.6...