A recent report showed that Baltimore City lost 25,700 jobs in 2020 — partly induced by the virus — and that it wiped out the gains made in 2019. Meanwhile, the office vacancy rate in the fourth quarter was 16.5%, (3.3 million square feet) and the office sublease availability was 1.2 million square feet, with more coming. The city’s population has fallen below 600,000, the lowest level in 100 years. Our murder rate has consistently exceeded 300 murders, while New York City, at 14 times our population, has had a similar body count.
Baltimore developer: Here’s how to reverse Baltimore’s downward spiral
April 16, 2021