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Media & Insights
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Media & Insights
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...
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...
Just Sold: Rosedale Apartments
Harbor Stone Advisors Facilitates Sale of Rosedale Apartments Baltimore, MD - Harbor Stone Advisors, a Mid-Atlantic commercial real estate firm specializing in multifamily investment sales, has orchestrated the sale of Rosedale Apartments. The fully vacant asset in...
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...
Just Sold: 411 N Charles Street
Baltimore, MD - Harbor Stone Advisors, a Mid-Atlantic commercial real estate firm specializing in multifamily investment sales, has orchestrated the sale of 411 North Charles Street. The fully occupied, gut renovated asset in Downtown Baltimore has a total of 9 units...