Matrix Multifamily Washington DC Report-Fall 2021 November 17, 2021

Washington, DC, Gains Ground

Rents increased by 1.2% on a T3 basis through September to $1,952. Transaction volume totaled $3.8 billion during the first nine months of the year, a 4.5% increase over last year. Nearly 40,000 units were under construction, with 7,965 units completed through September.