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Prince George’s County Multifamily Investment Report
Key Takeaways: Multifamily deal activity has slowed significantly in Prince George’s County in 2023, with sales volume totaling 37.6 million year-to-date, a significant drop below the county's five-year average of $1.13 billion. This is caused by the...
Top Amenities To Help Attract And Retain Tenants
There is no denying renters today prefer upgraded units with an array of amenities. Multifamily amenities have steadily become more important for property owners to increase rent premiums and attract and retain tenants. According to data from CoStar, nearly 9,000...
Multifamily Market in Minutes: Baltimore City
An Update on Baltimore City'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: $66.3 Million...
From the Intern’s Desk: Part Two
Multifamily operators need to be innovative and strategic in their approach to maximizing value in today’s market. While some factors such as interest rates are less controllable, others like renovations and rent growth, can be properly executed by investors. Since...
From the Intern’s Desk: Part One
When evaluating real estate deals, one of the most prevalent metrics is the capitalization rate, more commonly referred to as a “cap rate”. Cap rates are calculated by dividing the net operating income by the value of the property (NOI / Value). I.E., $100,000 NOI /...
Residential Conversions Make Up Half Of Baltimore City’s Apartment Construction Pipeline
Baltimore remains a hot spot for residential conversions, representing nearly half of the city’s construction pipeline. Demand for office space in Baltimore’s downtown has slowed as many firms look towards Harbor East or have adapted remote work, requiring less office...
Three Main Causes for Elevated Commercial Property Insurance Costs
Commercial property insurance prices have drastically increased across the country for the past several years. According to the Insurance Information Institute, premiums for commercial insurance at the end of 2022 increased by an average of 9.4%. Many insurance...
These Baltimore City Neighborhoods Saw The Largest Population Increases In The Past Decade
Baltimore City’s population has seen consistent declines in the past decade. According to the Census, overall growth from 2010 to 2020 has decreased by 5.7%. But of the 278 neighborhoods tracked by the Baltimore City Department of Planning, 86 recorded positive...
These Are The Most Expensive Neighborhoods In Baltimore City
Source: HarborEast.comThe Harbor East and Fells Point neighborhoods are the most expensive in Baltimore City, yielding asking rents of $2,750 and $2,550 per month, respectively. Asking rents in these highly sought-after waterfront communities rose more than $400 per...