{"id":3739,"date":"2022-04-07T07:40:33","date_gmt":"2022-04-07T07:40:33","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3739"},"modified":"2023-09-21T06:32:05","modified_gmt":"2023-09-21T06:32:05","slug":"baltimore-multifamily-market-report-march-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/","title":{"rendered":"Baltimore Multifamily Market Report\u00a0(March 2022)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Deliveries Bottom Out, Deal Volume Hits Peak<\/h2>\n\n\n\n<p>Confronted with a stagnating demographic trend and an aging population, <strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/tag\/baltimore-housing-trends\/\">Baltimore\u2019s rental market<\/a> continued to slowly move forward in its recovery<\/strong>. Through January, Baltimore rates rose only 0.1% on a trailing three-month basis and 12.3% on a year-over-year basis. <strong>Rents averaged $1,611<\/strong>, $7 above the national figure.<\/p>\n\n\n\n<p>As of December, the <strong>metro\u2019s unemployment rate was 3.8%<\/strong>\u2014the lowest level reported since the beginning of the health crisis\u2014according to preliminary Bureau of Labor Statistics data. Baltimore added 59,000 jobs in the 12 months ending in November, with professional and business services leading employment growth. Johns Hopkins, the University of Maryland and the Social Security Administration are among the largest employers in the metro and have significantly contributed to the metro\u2019s economic stability over the past couple of years.The logistics sector is also posting exceptional performance. To support the expected growth in cargo flow, a $466 million reconstruction of the Howard Street Tunnel is now underway.<\/p>\n\n\n\n<p><strong>Total sales doubled last year in Baltimore and hit $3 billion<\/strong>, as several high-profile assets in the metro changed ownership. On the flip side, multifamily completions reached a record low, with only 1,730 units coming online in 2021. With deliveries slowing, Baltimore will likely see above-average rent growth in 2022.<\/p>\n\n\n\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1544-MatrixMultifamilyBaltimoreReport-March2022\">Matrix Multifamily Baltimore Report-March 2022<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Deliveries Bottom Out, Deal Volume Hits Peak Confronted with a stagnating demographic trend and an aging population, Baltimore\u2019s rental market continued to slowly move forward in its recovery. Through January, Baltimore rates rose only 0.1% on a trailing three-month basis and 12.3% on a year-over-year basis. Rents averaged $1,611, $7 above the national figure. As [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":3740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[103,444],"class_list":["post-3739","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-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Baltimore Multifamily Market Report\u00a0(March 2022) - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Confronted with a stagnating demographic trend and an aging population, Baltimore\u2019s rental market continued to slowly move forward in its recovery.\" \/>\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-2022\/\" \/>\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\u00a0(March 2022)\" \/>\n<meta property=\"og:description\" content=\"Confronted with a stagnating demographic trend and an aging population, Baltimore\u2019s rental market continued to slowly move forward in its recovery.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T07:40:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T06:32:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Baltimore-iStock-1364616114.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Calugar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Baltimore Multifamily Market Report\u00a0(March 2022) - Yardi Matrix Blog","description":"Confronted with a stagnating demographic trend and an aging population, Baltimore\u2019s rental market continued to slowly move forward in its recovery.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/","og_locale":"en_US","og_type":"article","og_title":"Baltimore Multifamily Market Report\u00a0(March 2022)","og_description":"Confronted with a stagnating demographic trend and an aging population, Baltimore\u2019s rental market continued to slowly move forward in its recovery.","og_url":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-04-07T07:40:33+00:00","article_modified_time":"2023-09-21T06:32:05+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Baltimore-iStock-1364616114.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Laura Calugar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Baltimore Multifamily Market Report\u00a0(March 2022)","datePublished":"2022-04-07T07:40:33+00:00","dateModified":"2023-09-21T06:32:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/"},"wordCount":216,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Baltimore-iStock-1364616114.jpg","keywords":["Baltimore","Multifamily Outlook 2022"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/","url":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/","name":"Baltimore Multifamily Market Report\u00a0(March 2022) - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Baltimore-iStock-1364616114.jpg","datePublished":"2022-04-07T07:40:33+00:00","dateModified":"2023-09-21T06:32:05+00:00","description":"Confronted with a stagnating demographic trend and an aging population, Baltimore\u2019s rental market continued to slowly move forward in its recovery.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Baltimore-iStock-1364616114.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Baltimore-iStock-1364616114.jpg","width":1200,"height":628,"caption":"Image by Ultima_Gaina\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/baltimore-multifamily-market-report-march-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Baltimore Multifamily Market Report\u00a0(March 2022)"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0","name":"lilianam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","caption":"lilianam"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Baltimore-iStock-1364616114.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=3739"}],"version-history":[{"count":4,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3739\/revisions"}],"predecessor-version":[{"id":6435,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/3739\/revisions\/6435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/3740"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=3739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=3739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=3739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}