{"id":10796,"date":"2026-05-25T09:10:00","date_gmt":"2026-05-25T09:10:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10796"},"modified":"2026-09-03T09:25:50","modified_gmt":"2026-09-03T09:25:50","slug":"baltimore-multifamily-market-report-march-2026","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2026\/","title":{"rendered":"Baltimore Multifamily Market Report \u2013 March 2026"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/baltimore-multifamily-market-report\/\">Baltimore Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rents Trend Down, Supply Holds Steady<\/h2>\n<p>Baltimore started the year with multifamily fundamentals pointing to modest but steady performance, according to the latest Yardi Matrix Baltimore multifamily market report. The metro\u2019s average advertised asking rents were down 0.2%, on a T3 basis through January, to $1,744, on par with the U.S. rate. This marked the fifth consecutive month of contractions, following a slightly stronger performance in 2025. Year-over-year, Baltimore rents were up 0.4%, double the 0.2% national figure. The overall occupancy rate for stabilized assets stood at 94.8% as of December, 30 basis points above the national average, as reported in the <strong><a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\">U.S. multifamily market report<\/a><\/strong>.<\/p>\n<p><iframe id=\"datawrapper-chart-68wYX\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Baltimore vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/68wYX\/1\/\" height=\"326\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Baltimore\u2019s employment growth continued to trend down, sliding to 0.2% year-over-year as of September, 60 basis points below the U.S. rate. Meanwhile, unemployment clocked in at 4.9% as of December, according to preliminary data from the Bureau of Labor Statistics. During the 12 months ending in September, Baltimore added 5,800 net jobs, with the education and health services sector leading gains (17,100 jobs). Following permit approval, the Sparrows Point Container Terminal project is moving ahead. The redevelopment of the former steel mill site will include a new terminal, support infrastructure and channel upgrades.<\/p>\n<p><iframe id=\"datawrapper-chart-G25oH\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Baltimore Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/G25oH\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Developers completed 3,216 units last year, on par with the decade average, while more than 4,600 units were under construction as of January. Investor activity slowed, as sales totaled just $474 million in 2025, down more than 50% year-over-year.<\/p>\n<p>Read the full Yardi Matrix Baltimore Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8521-MatrixMultifamilyBaltimoreReport-March2026\"><strong>March 2026<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rents Trend Down, Supply Holds Steady Baltimore started the year with multifamily fundamentals pointing to modest but steady performance, according to the latest Yardi Matrix Baltimore multifamily market report. The metro\u2019s average advertised asking rents were down 0.2%, on a T3 basis through January, to $1,744, on par with the U.S. rate. This marked the [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":10157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[103,519],"class_list":["post-10796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-baltimore","tag-multifamily-outlook-2026"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Baltimore Multifamily Market Report \u2013 March 2026 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Baltimore kicked off 2026 with advertised asking rents up 0.4 percent YoY, while the U.S. average increased just 0.2 percent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baltimore Multifamily Market Report \u2013 March 2026\" \/>\n<meta property=\"og:description\" content=\"Baltimore kicked off 2026 with advertised asking rents up 0.4 percent YoY, while the U.S. average increased just 0.2 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-25T09:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-03T09:25:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/12\/Baltimore-iStock-2252142280-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Agota Felhazi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Baltimore Multifamily Market Report \u2013 March 2026 - 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