Matrix Multifamily Washington DC Report-February 2025 March 05, 2025

DC Ends 2024 on Solid Note

Metro D.C.'s average advertised asking rents ticked down just 0.1 percent on a T3 basis through December, while the YoY rate stood at a solid 2.8 percent, well ahead of the U.S. Bucking the national trend, supply expansion remained on par with previous years, with 12,372 units completed in 2024.