The Mid-Atlantic region’s multifamily market has sturdy fundamentals, but the Washington metro area faced challenges during 2020 as renters shied away from denser, urban environments. Institutional investment was quieter in 2020 than in 2019 but picked up in the fourth quarter, even as economic uncertainty persisted. Overall, multifamily investment remains a relatively safe harbor within the real estate sector, particularly in secondary and suburban markets that have experienced fewer deliveries of new product and have modest construction pipelines.
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Mid-Atlantic Multifamily Market Report
4Q20
The Mid-Atlantic multifamily market is well-positioned relative to its geographic peers, due to the presence of the federal government, concentration of long-term federal contracts, and overall composition of labor, which boasts many high-wage jobs in the professional and business services sector.
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