Todd Lubar Shares Thoughts on Baltimore Real Estate Industry

If you have only been paying attention to Baltimore in the context of its news coverage, then you have likely been missing out on the bigger picture in terms of its blooming real estate opportunities. Even though Baltimore sometimes gets more than its fair share of negative attention in the national news, there are plenty of trends exciting real estate developers and business owners right now in the Charm City.

One of the most noticeable trends is the conversion of older buildings and historic landmarks into chic apartment buildings. The most obvious example of this is at 10 Light Street, where Under Armour has converted the ground level into an expansive gym and training center. The once historic Bank of America building is now home to some of the priciest and most unique apartments in the city.

In addition, Baltimore has become a prime destination for millennials. Thanks to its relatively cheaper cost of living than Washington, D.C., Baltimore remains a residence of choice for many recent graduates and young professionals looking to buy their first home and start their first career after college. The good news is that the improvement in the unemployment rate and signs of increased wages across professions will help to boost purchasing power of these millennials and give the business community the infusion of spending it has been waiting for.

Along with the influx of young professionals moving into the city, Baltimore continues to be one of the friendliest environments for start-up companies to thrive. There is no shortage of bright entrepreneurs in this region, and the local community tends to be very supportive of its own. Under Armour is the resounding success story in this regard, but there are plenty of other mid-size start-ups that have chosen to make Baltimore their permanent home. This has contributed to an increased demand for full-service housing communities on the edge of commercial areas.

Harbor East continues to attract young professionals with its top-quality shopping and dining options. There are plenty of condominium and apartment options, but they tend to be on the expensive end of the spectrum. New construction is currently underway, which is expected to increase the number of available condominiums by the thousands. This area is not slowing down in terms of growth in the near future, especially as the business community in the Inner Harbor area tends to expand further east. New restaurants and shops continue to hunt for prime real estate in this area and are embracing the younger crowd of recent graduates and young couples without children.

About Todd Lubar

Todd Lubar has been a fixture of the Baltimore real estate scene for decades and is frequently consulted for his perspective on the industry. Part of what makes his perspective so valuable is that he has also worked in the finance and credit sectors. This makes Lubar a top choice for home buyers looking to maximize their personal financial gain.

After graduating from Syracuse University, Lubar went on to work for Crestar Mortgage Corporation until 1999. He then Legacy Financial Group and become one of the top producers for the Maryland area in a short amount of time. At the height of the chaos in the mortgage industry he became Senior Vice President with Charter Funding. One of his most impressive accomplishments is that he maintained his position among the top 25 mortgage originators in the country for many years. Lubar has since go on to own real estate demolition and development companiesand remains active in all parts of the real estate industry in Maryland.