The charming nature of Baltimore City is projected to grow its real estate sector. As the veteran real estate expert Todd Lubar observes, the city’s population is decreasing, yet, retaining an increasing number of young professionals. As the younger demographic is projected to grow, trends in real estate are expected to change. First, young professionals have influenced a higher demand of apartments. To meet the demand for apartments, developers have built more refurbished and high-end apartments and condos for the residents.
Furthermore, the transportation sector (a big factor in the real estate industry) has seen amazing expansions. The city is focused on creating reliable networks to help people access easily their downtown residential apartments. According to Todd Lubar, the growing network of transport system will attract more professionals to the city. Another real estate friendly trend in Baltimore is the growing business community. This has established the city’s reputation and attracted more talents into working in Baltimore. Even though the cost of living is not projected to rise exponentially, the new developments encourage formation of more buildings to meet the lifestyle of the growing number young professionals.
Such developments in Baltimore are also influencing the expansion of the Potomac real estate industry. In particular, the North Potomac development is encouraging the real industry, notes Todd. One such development is the 14-acre Travilah Station that is projected to have 131 houses by 2019. “The creativity and the level of expertise employed in developing these housing systems is amazing,” says Todd Lubar. These models are Bryant, Camdel, Palmer, and Morgan. The houses environment is exhilarating, with school to eliminate long distance schooling worries to parents.
In Potomac, the real estate business is certainly on growth. More developers and contractors are entering the industry. For instance, a veteran Potomac developer, Eden, has seen new partnership in the re-modelling mission of the Cabin John Village Center. These four new partners, together with Eden, will oversee a re-modelling project of the community’s favorite center. This is also one of the most powerful trends in the business: focusing on the community’s affairs. As Todd puts it, a social entrepreneurship business. The Potomac community will, certainly, appreciate these expertise of development.
About Todd Lubar
Todd Lubar has over two decades in the real estate industry. As he kicked himself into the industry in 1995, he immediately developed passion for what would be his career. To add onto his real estate career, he has expertise in finance. The yearn for finance and real estate skills made him forge relationships with financial experts and real estate agents at the beginning of his career. He gained knowledge that would, particularly, see developments in Mortgage Banking. He founded Financial LLC to serve the big set of underserved clients, and has been involved with multiple contractors in the real estate industry.