Downtown Baltimore is witnessing an uptick in restaurant and quick-service food expansions, primarily fueled by shifting consumer behavior since the pandemic. Read about the newest dining options in Baltimore.
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Discover the Maryland county with the fastest growing population and job growth, as well as multifamily inventory.
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Elevated rent growth in 2022 caused a long stretch of negative demand and forced many renters to look for alternative housing.
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The Baltimore Metropolitan area 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.
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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. continue to expand and draw high interest from renters.
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Job growth, along with additional factors like supply, aided in increased leasing activity for the multifamily market in 2023.
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Multifamily investment in Baltimore is expected to increase in 2024, as a stable interest rate environment should push more deals to the finish line.
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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 inventory expanded just 1.4% during that time.
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As the year comes to a close, take a look back on the insights we captured throughout 2023.
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The landscape of today’s economy has led property owners and prospective buyers to explore alternative avenues like seller financing and assumable debt.
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