The State of Downtown, according to its boosters, the Downtown Partnership, is always good or rising. To many Baltimoreans it is a rather sad affair, at least since the pandemic. The Downtown Partnership continues to clean and sweep with the uniformed ambassadors which are now a familiar site in many US cities, but for fewer and fewer people. Retail sales are down, hotel and office occupancy occupancy are scary, and whole office towers can be bought for less than a nice condo in New York costs.
The SUN titled their article about the Partnership's Annual Meeting this way: "Failure to adapt prompts shift in properties: $1B commercial crash, residential spike reshape Baltimore tax burden".
More than $1 billion in commercial property value has been erased from Baltimore since 2020 (Baltimore SUN, 4/19/26)
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| Baltimore SUN: Failure to adapt |
Truth be told, though, many cities all around the US are undergoing similar office tower real estate crashes
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