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Delta: New Class A Apartments Absorbed ASAP

“So far, the adage 'build it, and they will come' has proven to be true in the Washington metro apartment market."

By Erika Morphy | Updated on October 25, 2017

Delta President William Rich

WASHINGTON, DC–New Class A apartments were absorbed almost as quickly as they delivered during the past 12 months in the Washington metro area, according to new data from Delta Associates. It also reported that Baltimore metro apartment rent growth was negative for the first time in 17 years.

This information was presented by Delta President Will Rich at the 21st Annual Delta Associates Washington/Baltimore Multifamily Market Overview and Awards for Excellence early this morning, with more than 300 attendees having gathered for the event.

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