Following a robust performance in 2024, Baltimore, Maryland's multifamily sector is anticipated to experience a slight slowdown.
A report from Marcus & Millichap projected that vacancies will tick up by 10 basis points to 5.7 percent in 2025. Still, that figure would fall below the national average and under Baltimore's mean in 2023.
While rents are expected to rise by 2.7 percent to $1,768, the rate would be slower than last year. According to Marcus, the city would average less than other major metros, including Washington D.C. and Philadelphia, by at least $100.
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