Research firm JLL reports that the number of Baltimore City residents with Bachelor degrees has jumped 21 percent in the past four years. This movement back to the urban core is a national phenomenon that, thankfully, Baltimore is a part of. From an article over at the BBJ....
There has been a touch of angst lately over the possibility of a downtown apartment bubble. Hopefully this ongoing trend will fill these 5000 units in the works.. Having as increasing number of college graduates calling Baltimore city home also bodes well for the tax roles, as one would assue they will have higher incomes than the average resident....they can't all be baristas.
But a new JLL report using recent data about Baltimore residents' college and graduate degrees shows the city is doing a better job of attracting people with a college education. Over the past four years, JLL's report said, educational attainment for a bachelor's degree or higher has grown 21.4 percent.In 2013, nearly 63,000 city residents had bachelor's degrees compared with 54,200 in 2010. That's going to have a big effect on the price residents are willing to pay for housing, said Mark Levy, JLL's Baltimore market director. The boost will also bode well for development of higher-end housing downtown.
