August 26, 2026

Matrix Multifamily Baltimore Report – August 2026

Baltimore’s slower pace

The average advertised asking rent landed at $1,774 through June, marking a 0.3 percent increase on a T3 basis and 10 bps above the U.S. figure. Nonetheless, employment growth was down, the transaction pace remained low, and developers added 745 units in the first half of 2026, 60 bps below the national rate.

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