Baltimore, commonly known as the charming city, is one of the most popular cities in the state of Maryland, United States. The city is doing exceptionally well in younger demographics, a trend that has been projected to continue into the future.
Todd Lubar shares the current real estate trends in Baltimore
The successful real estate entrepreneur shared some key points regarding the current industry trends in the city. Todd pointed out that the robust economic growth will significantly increase the demand for more apartments in the region. He further explained that the city has recently seen major real estate developments. According to Lubar, developers are now turning ancient buildings into modern living homes. This, Todd believes, has increased the number of apartments and condominiums in the area.
He echoed Baltimore’s focus on improving public transport, an aspect he cites to create a positive impact on the industry. Todd pointed out that business is already booming in the city, thanks to favorable business environment. Affordable cost of living, relative to the surrounding cities, has been cited to make Baltimore the better option, explains geeksnews.co.uk.
Todd Lubar further points out that the area currently offers affordable housing for all. This has made it the perfect destination for recent graduates and young professionals who are considering buying their first homes. Reduced unemployment rate and increased wages is another notable trend projected to positively impact on buying power of the residents.
There has been significant increase in number of start-up companies. This has equally increased the demand for commercial and residential properties. Harbor east is one of the areas cited to benefit from the recent growth opportunities. There are ongoing constructions in the region expected to deliver several affordable condominiums. According to Todd, the industry has higher potential for growth.
Todd Lubar’s Profile
He is currently serving as the president of TDL Global Ventures, LLC as well as the Sr. VP of Legendary investments. Todd attended Sidwell Friends and the Peddie School before joining Syracuse University from where he graduated with B.A in Speech communication in 1995.
He has since served in several senior management positions in different companies. Lubar owns key businesses in the region and has received notable awards.