Rent control is top of mind for Prince George’s County’s real estate industry, as the county’s one-year program is more than halfway done and time is running out to determine a permanent policy.
The county council passed a yearlong law in February capping rent growth on older, privately owned properties to 3%, set to expire in March 2024. At the same time, it established a working group to decide on possibilities for a longer-term measure.
The question loomed large last week at Bisnow’s Future of Prince George’s County event, held at The Hotel at The University of Maryland.
Near the start of the event, when moderator Brad Frome of Rise Investment Partners asked a question about the law for the first time, he was interrupted by an audience member.
Click here to read the rest of the article written by Emily Wishingrad over at Bis Now
