The city of Baltimore has often had the reputation for being one of the more depressed economy is in the Northeast United States. While the city has had some hard times recently, it does appear that things are beginning to improve. This is largely evident in the continued improvement in the Baltimore real estate market.
For the past several years, the city of Baltimore has seen a reduction in vacancy rates, and increase in rent, and a steady increase in property values. Part of this has been due to the effort in the city to get rid of areas of all vacant housing and replace it with more positive uses. However, it is also due to the continued improvement in the local economy. To continue to support the growing business world in Baltimore, many people believe the city will continue to enhance its public transportation system.
Another factor that will likely help to support the Baltimore real estate market is the fact that it is focusing on providing more lifestyle amenities. This will include building out you were shopping and dining districts and building presidential complexes that have plenty of amenities that attract younger professionals. This could be particularly helpful to attract young adults that work in Washington DC, but cannot afford to be very high real estate prices.
One real estate professional that continues to see a lot of potential in the Baltimore real estate market is Todd Lubar. Todd Lubar is an experienced real estate professional who has more than 20 years of experience in the Maryland real estate market. He has a wide range of relevant work experience, including spending time in the financial markets, which helps him understand everything that goes into getting a good real estate deal across the finish line. Check out Ideamensch to know more.
Today, Todd is the principal of TDL Ventures. This company is a major participant in the Baltimore real estate market and is looking to expand into a number of new ventures. This includes expanding further into demolition and construction, in which they will work on their own projects while also providing third-party services. More info available on Todd’s about.me page.