Matrix Multifamily Baltimore Report-August 2023 August 23, 2023

Baltimore Rent Growth Resumes

Baltimore rent growth outperformed the U.S. average by 10 basis points in June, picking up after facing crosswinds early in 2023. Although job growth improved, with unemployment at 2.2 percent, average occupancy in stabilized assets remained below the U.S. average, at 94.9 percent.