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25 Nov, 2025
Analysis | Latest
Baltimore Market Poised for Recovery After Supply Surge
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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This week the Radius+ team took a closer look at the Baltimore-Columbia-Towson, MD CBSA

Supply added by year relative to total:

  • 2019- 6.8%
  • 2020- 6.3%
  • 2021- 5%
  • 2022- 4.1%
  • 2023- 3.6%
  • 2024- 3.3%
  • 2025- 1.9%

This market saw massive supply growth from 2019 to 2021. This influx of supply didn’t have as large of a downward pull on the market’s rental rates due to the demand drivers brought on by COVID-19. As the country stabilizes back to regular seasonality rates demonstrate some softness with them trending below pre-pandemic levels. However- with measured supply deliveries in 2023, 2024, and 2025, this market is one that should be on track for healthy rate growth over the next few years.

Baltimore-Columbia-Towson, MD CBSA