December 17, 2025
Matrix Multifamily Baltimore Report-December 2025
Baltimore’s modest gains
Advertised asking rents decelerated in Baltimore, ticking down 0.1 percent on a T3 basis through October—10 bps ahead of the national figure—to an average of $1,752, after modest gains throughout the year. Following 8,000 units added over two years, new construction moderated to just 2,972 units coming online YTD through October.
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