The real estate business in Baltimore has been on an upward trajectory over the recent past. The unfortunate thing is that news outlets paint a negative picture of the city, blocking many from seeing the actual potential that lies in the city- a lot of untapped potentials. According to Todd Lubar, a real estate and mortgage market mogul, the city’s real estate industry is on the verge of taking off, and every futuristic investor should consider casting his nets in that direction.
New Apartments, Increased Youth Population
As a way of renewing the city and reclaiming its lost glory, Baltimore has seen most its old buildings demolished and modern apartments erected. In the space that previously hosted the American Bank building, for example, now stand luxury residential apartments that have brought a new sensation in the area.
Another notable thing about Baltimore as explained by Todd Lubar is its relatively cheaper cost of living. This, coupled with the luxurious residential apartments that are now coming up, makes the city a darling to many millennial. The majority of fresh graduates are streaming into the city in search of jobs and cheap living cost, which in turn is improving trade.
Being an upcoming economy, Baltimore presents upcoming entrepreneurs to invest and grow their investments. Todd Lubar sees the young professionals in the city as a ready market that as their affluence grows, the demand will keep growing. Tastes and preferences will as well keep changing, creating room for entrepreneurs to innovate. Of course, growing demand results to a rise in the demand for commercial apartments and subsequently growth in the real estate industry.
A young population is a vibrant population. Lubar predicts that entertainment joints and luxury shopping malls will soon be blossoming in the city. This is particularly because as the youthful population keeps increasing, the demand for such facilities will shoot upwards.
About Todd Lubar
According to Patch, Todd Lubar is a graduate of Syracuse University. His experience in the real estate industry, particularly in Baltimore, has been described by many as exceptional. He worked in the Crestar Mortgage Corporation in the 90s where he sharpened his skills.
Other firms that Todd ever worked for include Legacy Financial Group and Charter Funding. He currently serves as the President at TDL GLOBAL VENTURES, LLC.