After losing jobs and office tenants in 2020, Downtown Baltimore has “room for optimism” as a recovery from the COVID-19 pandemic launches, according to a new economic assessment.
The State of Downtown Report for 2020, unveiled by the Downtown Partnership of Baltimore, showed that the area lost nearly 7000 jobs in 2020, from 124,785 to 117,970, and that the office vacancy rate rose from 17.75% to 23.2%.
Tourism and retail numbers were down, museums and performance venues were closed for months, and some “beloved” restaurants did not survive, according to the report.
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