Sep
27
Strong Fundamentals Fuel Heavy Development in DC
ByAlthough trailing U.S. employment growth, the expansion of the metro’s multifamily market remains one of the most vigorous in the country. Young professionals are drawn to the city’s well-paying jobs, pushing up demand for upscale communities in transit-oriented and live-work-play areas.
Although trailing U.S. employment growth, the expansion of Washington, D.C.’s multifamily market remains one of the most vigorous in the country. Young professionals are drawn to the city’s well-paying jobs, pushing up demand for upscale communities in transit-oriented and live-work-play areas. However, with rents up just 1.1 percent year-over-year in July, the metro’s robust construction pipeline—third largest in the country—is raising some concerns of overbuilding…
