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Media & Insights
These New Restaurants Symbolize Rising Investor Interest in Baltimore
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...
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...
Western Maryland: 2023 Multifamily Year in Review
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...
Just Sold: 527 N Charles St.
Harbor Stone Advisors Facilitates Sale of 527 North Charles Street Baltimore, MD - Harbor Stone Advisors, a Mid-Atlantic commercial real estate firm specializing in multifamily investment sales, has orchestrated the sale of 527 N Charles Street, a well-maintained...
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...
Southern Suburban Maryland: Multifamily 2023 Review
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 below since...
Just Sold: Forest Park Apartments and Retail
Harbor Stone Advisors Facilitates Sale of Forest Park Apartments and Retail Baltimore, MD - Harbor Stone Advisors, a Mid-Atlantic commercial real estate firm specializing in multifamily investment sales, has orchestrated the sale of Forest Park Apartments and Retail,...
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...
Just Sold: Hansel Hall
Harbor Stone Advisors Facilitates Sale of Hansel Hall Baltimore, MD - Harbor Stone Advisors, a Mid-Atlantic commercial real estate firm specializing in multifamily investment sales, has orchestrated the sale of Hansel Hall Apartments. The property includes 13...
Baltimore Metro Multifamily: 2023 Review and 2024 Outlook
Key Takeaways: Rent growth in Baltimore outpaced fast-growing markets like Miami, Nashville, Phoenix, and Raleigh. Renter demand saw a noticeable uptick during the 2023 leasing season, and that momentum carried over into the winter months as well. Multifamily...