CLASS MATTERS

?This is an A-B conversation, so C your way out!? Ever try this line on an eavesdropper? Reis analyst Brad Doremus says if you're talkingBaltimore apartments, you?ve been using the wrong phrase. In this town, it's a B/C conversation, with A as the odd man out. In the Baltimore apartment market, Class-B/C apartment rents were up 1.4% relative to the 0.6% uptick in Class-A rents in Q4 2010. Class-A properties were the winners in Q3, with rents rising 1.7% versus a 1.3% climb for class B/C rents. But over longer time periods, Class-B/C rent growth has stood out (up 2.47% in Q4 versus 1.86% for their counterparts). Lower-quality rent growth has been even strongerover the past two- and three-year periods, outpacing growth in higher-quality apartments by 113 and 103 bps, respectively.

Continue reading this story with a free account

Log in or register
Related Topics: Brad Doremus
Sign up for more articles like this
Subscribe to Bisnow's Baltimore Newsletters
Related Stories

What's At Stake For CRE In Tuesday's U.S. Midterm

Orchard Partners Selects JLL To Market 892K SF Manufacturing Campus In Brisbane: The San Francisco Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Foundry Robotics Leaves San Francisco For New East Bay HQ

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

As The Future Of The Office Continues To Evolve, WeWork Is Bringing Clients A Tailored Workplace Solution

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Hudson Pacific's Historic San Francisco Conversion Project Gets Approval

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC

Brandywine Plans To Sell $200M Worth Of Properties In 2027