The Baltimore Business Journal is reporting that 111 new apartment rentals are planned for the city. But what really surprised me was that the new apartments are in response to a 97 percent rental occupancy rate in the city. Downtown is the fastest growing residential neighborhood in Baltimore, says the Downtown Partnership spokesman Michael Evitts.
Developers are so eager to satisfy the need for residential rental space they are converting office buildings into apartments. Small conversions of office space make up the combined 111 apartments.