Baltimore City Pipeline Report

Key Takeaways:

Baltimore City’s under-construction pipeline remains robust, with nearly 3,500 units underway. Downtown takes the lead with 1,375 units underway, all of which are conversions to residential from either office, hotel, or retail property uses.

Baltimore is one of the leading cities for conversions as office vacancies in the CBD remain elevated. Overall, more than 1,550 units are being constructed and converted from offices, warehouses, and hotels to luxury apartments.

More than half of all units underway are in Baltimore’s premier waterfront neighborhoods of Federal Hill (631 units), Harbor Point (508 units), Canton (383 units), and Fells Point (216 units).

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