Mid-Atlantic Multifamily Real Estate Market Reports

A combination of continued strong employment growth sustained high interest rates, and a challenging single-family homebuyers’ market is driving demand for multifamily units. All four Mid-Atlantic markets had occupancy above 95% as of the first quarter of 2025. The Washington, DC metro is the largest Mid-Atlantic market by a significant margin, with almost 700,000 units of inventory. It also achieves the highest effective rents with an average rate of $2,209 per unit as of the first quarter of 2025.