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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)
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)

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

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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