While Baltimore, often referred to as the Charm City, is losing people in terms of population as a whole, young professionals seem to be consistently flocking to the city, and studies show, this will continue to be the trend for the foreseeable future. The rebound of the economy of Baltimore will be a direct result of the rate for which this upward trend amongst the new generation continues to climb. A reason for the influx of young professionals in Baltimore seems to be the agreeable cost of living in comparison to Washington D.C. As a result of the increase of young professionals in the city, the need for apartments has also continued to rise, and as a result, there has been an influx of real estate developers who are looking to refurbish older properties. This influx has created a wide array of condominium and apartment options for the residents of Baltimore. One example of the revitalization movement that is taking place in Baltimore, is the gym and training center that Under Armour recently created on the bottom floor of the building at 10 Light St. Check out Inspirery to know more.
As of late, Baltimore has been placing significant emphasis on creating a more efficient transportation system that will allow for those who work downtown. With the added attention the city is placing on rebuilding the transit system as well as the overall infrastructure of Baltimore, projections are showing that the metropolitan area will expand at a considerably higher rate than it is in its current state. Suburbanites will be a major key to this growth, as parking expenses for commuters will essentially be diminished. Cost of living is also a major factor but is not expected to increase substantially, as the city looks to create greater community involvement amongst young professionals by creating easy access to high-quality restaurants, as well as luxury shopping centers.
For nearly two decades, Todd Lubar has been actively involved in the real estate market in and around Baltimore, having a decorated background in finance and credit. Today, Mr. Lubar is the President of TDL Ventures but also heads several companies, including a demolition company. Follow his Twitter page