FY 24 APPROVED BUDGET IN BRIEF

Source: Long & Foster Market Minute April 2023

Units Sold Median Sale Price 200 $350,500 Harford County - Residential 58 $292,500 Aberdeen, Belcamp, Havre de Grace Units Sold Median Sale Price

Real Estate

-<1% % CHANGE 1YR ^1% -23% % CHANGE 1YR -4% -<1% % CHANGE 1YR ^5% -<1% % CHANGE 1YR ^15% -<1% % CHANGE 1YR ^15% -28% % CHANGE 1YR ^<1% -<1% % CHANGE 1YR -16% -50% % CHANGE 1YR ^12%

RETAIL Vacancy Rate

6.2%

Rental Rate/Sq Ft $21.51 Inventory Sq Ft 12.6M OFFICE Vacancy Rate Rental Rate/Sq Ft $23.45 Inventory Sq Ft 5.8M INDUSTRIAL Vacancy Rate Rental Rate/Sq Ft $9.01 Inventory Sq Ft 28.4M

Abingdon

23 $299,000

Units Sold Median Sale Price

13.4%

Bel Air

57 $430,000

Units Sold Median Sale Price

Edgewood

Units Sold Median Sale Price

11 $225,000

7.9%*

Fallston

8 $572,500

Units Sold Median Sale Price

Source: CoStar Realty Information - as of May 1, 2023

Forest Hill, Jarrettsville, North

29 $502,000

Units Sold Median Sale Price

Joppa

10 $309,950

Units Sold Median Sale Price

101,196

Median Gross Rent in Harford County $82 less than state median

104,498 Housing Units Occupied Units

$1,391/ month

Aailability Rate: 11.0% It's important to note that "vacant" industrial space does not mean "available for rent", thus the above addendum

80%

Homeownership Rate 12.2% more than state rate

Source: U.S. Census Bureau, 2021

OTHER NEWS IN HARFORD COUNTY

Coppermine Coppermine in Edgewood is progressing. Coppermine re opened Bel Air Athletic Club after acquisition and $1M in upgrades.

Defense Events OED's first Making Sense of

Business Navigation HCG has a new Business Navigator to liaise between agencies to resolve development issues. 27 projects currently ongoing.

Defense event in April brought in more than 50 attendees. More defense events on the horizon.

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