As apartments boom in city, a new market reality emerges

The Time Group’s Dominic Wiker quoted in The Baltimore Sun’s article, “As apartments boom in city, a new market reality emerges” published on February 27, 2015.

Dominic Wiker is development director for the Time Group, which opened the 171-unit 520 Park Avenue apartments last year. The average one-bedroom costs about $1,300 per month and the property is about 95 percent leased. The firm is considering building a new apartment building next door.

“As more units come online, there’s going to be price sensitivity,” he said. “I think the demand is there. It’s just going to be a question of what are people willing to pay, and then who are those people.”

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