Washington DC is the 4th largest multifamily market with 560,912 completed units and 261,209 units in development, 38,457 of which have already broken ground, as of February 2022.
Washington DC Multifamily Market Summary – February 2022
New lease asking rents are at $1,990, up 12.1%▲
from the previous year placing Washington DC
at 65th overall in year-over-year rent growth.
Washington DC Multifamily Market Summary – January 2022
New lease asking rents are at $1,983, up 11.4%▲
from the previous year placing Washington DC
at 73rd overall in year-over-year rent growth.
Washington DC Multifamily Market Summary – December 2021
New lease asking rents are at $1,958, up 9.6%▲
from the previous year placing Washington DC
at 78th overall in year-over-year rent growth.
