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Poor quarter for D.C., Baltimore apartment markets, but outlook brightening

Construction continues at Union Wharf Apartments in Fells Point. The apartment market in the first quarter was poor, but prospects are brightening, experts say. (The Daily Record/Maximilian Franz)

The first quarter of 2015 gives reason for optimism about the Class A apartment markets in the Baltimore metro market and the Maryland suburbs of Washington, D.C., according to a report from Delta Associates. But the quarter itself? Not good. In the report, Delta Associates, a Washington, D.C., based commercial real estate research firm, found that rents decreased and vacancy rates increased in both markets compared to the first quarter last year.

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