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Media & Insights
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...
Trading Spaces: Roadblocks Converting Office Buildings To Residential
Baltimore’s Central Business District saw increased leasing in 2022 thanks to the relocation of 12 state agencies. Despite this rebound, office vacancies in the CBD remain near record highs at 18.2%, according to CoStar data. Several marquee tenants in downtown...
Why Baltimore Is Positioned For Elevated Apartment Demand In 2024, In Charts
Many renters will likely have no option but to continue renting as the single-family housing market softens nationwide. With mortgage rates at 20-year highs and low inventory levels, mortgage applications have fallen to the lowest level in over three decades. This...