Matrix Multifamily WashingtonDC Report-July 2023 July 31, 2023

DC’s solid quarter

Rents bounced back in Washington, D.C., with the average asking rent appreciating for the third consecutive month, up 0.6 percent on a T3 basis through May to $2,098. YoY, D.C. rents rose 1.9 percent, lagging the 2.6 percent U.S. rate.