WASHINGTON, DC–The Washington DC area multifamily market is projected to add 11,765 units in 2018. In a research note, JLL takes a look at where these properties will be.
The answer — the District — should not be surprising to anyone paying attention to last year's numbers. In 2017, DC accounted for 48% of the new apartment deliveries. This year 46% of the area's apartment projects will deliver in the District.
New deliveries are largely concentrated in the emerging submarkets, JLL says — namely, of the 5,449 units projected to deliver in the District this year, 3,721 units, or 68%, are located in emerging submarkets.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
