Sep 3, 2018
Another luxury apartment building, 44 stories tall, just opened in Baltimore’s Inner Harbor. A one-room studio will rent for $1,800 a month. Two bedroom apartments there start at $3,300 per month. And the top floor penthouses rent for $8,000 per month.
Yet only a few thousand people in the area could afford a rent of $96,000 per year.
This new building is part of luxury housing going up all around the harbor. But if you are among the half of Baltimore families living on less than $45,000 per year, these new apartments are not for you.
Another developer pointed out, “there are more apartments being developed in Baltimore than any time in history.” But most city residents can’t find one they can afford!