Marcus & Millichap

Baltimore Local Self-Storage Report

Second Half 2019

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Economic Trends:

Baltimore has had a lackluster start to 2019, posting a net loss of 900 positions through the first six months of the year. In 2018, the metro expanded payrolls by more than 20,000 roles, with the business and professional services and the education and health services sectors adding 7,100 and 8,300 jobs, respectively. While positive hiring is expected in the second half, annual employment growth will remain under 1.0 percent.

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