Baltimore
Baltimore Multifamily Report – December 2022
While fundamentals softened, the market remained healthy.
Arcland Opens Suburban Baltimore Self Storage
The 825-unit property operates under the Self Storage Plus brand.
Howard Hughes Lands $117M for Maryland Community
The project is part of the firm’s master-planned development, the Downtown Columbia Plan.
Andover Properties Acquires Baltimore-Area Asset
Allender Self Storage offers 500 units across 17 buildings.
Greystone Arranges Financing for Baltimore Affordable Housing
Several community organizations provided grants to support the transit-oriented project.
Baltimore Multifamily Report – August 2022
Baltimore’s multifamily market posted moderate performance amid rising interest rates and a declining population. The average rent reached $1,664, up 0.8 percent on a trailing three-month basis through June, picking up after two quarters of sluggish increases. The rate remains just below the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Baltimore’s economy is still lagging pre-pandemic levels of employment, but is making strides nonetheless. Job growth was at 4.1 percent —60 basis points behind the U.S. average—with 71,700 positions added in the 12 months ending in May. The unemployment rate clocked in at 3.6 percent as of May,…
SCG Breaks Ground on Baltimore Project
South Street Centre will offer both affordable and senior housing once completed.
CHI Moves Forward on Baltimore Senior Development
The firm partnered with AGM Financial Services to procure the funding for Cascades of Frederick.
Rose Valley Lands $70M for Baltimore-Area Acquisition
Natixis provided the loan for the purchase of a 314-unit community in Frederick, Md.
CRC Sells Baltimore-Area Community for $93M
The asset last traded in 2016, for $61.6 million.