Mid-Atlantic Multifamily Market Reports

The Mid-Atlantic region’s multifamily market recorded stable fundamentals except for modest declining rents in the District of Columbia and Northern Virginia. Even though these areas saw declining rents over the last 12 months, absorption was robust in the second quarter, showing signs of a market in recovery. The Mid-Atlantic area remains well-positioned relative to its geographic peers due to the stable federal job market (both direct and contract work), and overall composition of labor, which boasts many high-wage jobs in the Professional and Business Services sector. The Washington metro area, despite a robust pipeline, is likely to feature balanced supply and demand in the aggregate over the next three years.

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