Matrix Multifamily Baltimore Report-March 2023 March 30, 2023

Baltimore Rents Rebalance

After its strongest run in decades, Baltimore multifamily is now recalibrating. Rents fell 0.6 percent on a T3 basis through January, to $1,648, and occupancy slid 120 bps. But transactions marked the second-best year in a decade, at $2.9 billion.