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Multifamily Rents Fall in Baltimore Amid Shifting Demand Trends

Rising Vacancy Has Contributed to Asking Rent Declines in the Second Half of the Year
Year-over-year rent growth fell to 3.5% in the third quarter, the lowest output since the fourth quarter of 2020.
Year-over-year rent growth fell to 3.5% in the third quarter, the lowest output since the fourth quarter of 2020.
By Michael Cobb
CoStar Analytics
September 23, 2022 | 1:00 P.M.

For the first time in nearly three years, multifamily asking rents are falling in the Baltimore metropolitan area.

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