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Multifamily Development Remains Elevated in Downtown Baltimore

Higher Vacancy Expected in Coming Quarters as Market Gets Set To Add 1,800 Multifamily Units
By Michael Cobb
CoStar Analytics
February 15, 2024 | 6:35 P.M.

With downtown Baltimore's office market already seeing elevated vacancy levels, higher vacancy may also spread into the apartment sector as developers continue to add more units in the downtown area that are set to come online over the next three years.

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