Matrix Multifamily Washington DC Report-July 2022 July 27, 2022

D.C. Multifamily Sees Capital Gains

Despite economic turbulence, Washington, D.C., multifamily remained largely unfazed going into the second half of 2022. Rents were up 10 percent year-over-year, while the 37,345 units underway placed the metro’s pipeline fourth nationwide. Meanwhile, $1.9 billion in rental assets traded this year through May.