We are developing a nightclub, and a mid rise in that area.Baltimore is in fact a great area to invest in but you need to do your homework and be aware of values and neighborhoods.

Hi,  We manage a 1000+ rental units in hi rise multi family buildings in Canada.  

But in a hot rising market contingencies are usually not looked at favorably.  

If that is the case then your tax burden will rise later on as well for the conversion.

Their price points have been on the rise, of course, and their profit margins have been decreasing due to bureaucratic regulation, permitting, licensing etc.

Weve seen over the last decade how the price rise has started down by Logan Circle and Shaw, and has pushed it's way north to Columbia Heights and Petworth...and now pushing further north into Brightwood.

Then into commercial brokerage where my focus is on existing multifamily properties and developing multifamily near Orlando.I've been lucky enough to work on everything from valuing theme parks to deal structuring on high-rise multifamily properties. 

Curious to come back with rising price each time.  

http://www.ocregister.com/lansner/rent-687937-percent-reis.html“Axiometrics and Real Answers both reported that Orange County rent hikes averaged nearly 7 percent a year this past spring, boosted by rising employment and a continued economic recovery.Vacancy rates also remain low, ranging across the three surveys from 2.8 percent to 5.1 percent.Real estate agents reported seeing bidding wars among renters this year.

@Nicolas Paez  is spot on about declining populations.On the other end, just because there is a rising population (which is something I look at) doesnt mean it is a good investment choice.