Downtown Baltimore is expecting hundreds of apartments to
open in the next few years. There are a number of underused office buildings
with plans to convert to apartments.
With nearly 100% occupancy, there should be floods of development. The latest announcement includes a 520,000
square foot office building in downtown Baltimore converting to 445 apartments
at 10 Light St. Historic tax credits and
newly proposed apartment construction credits by the mayor is creating a flurry
of adaptive re-use and opportunities to rehab older buildings.
Source: Sperry Van Ness|RealSite Commercial Group