Multifamily development in DC is expected to get a boost in 2016 and the following years, helping to ease the demand for local renters. Following a year where nearly 13,000 units were delivered, the Washington D.C. metro entered 2016 with a multifamily vacancy rate hovering just above 4 percent, with some submarkets below that figure.
- Northwest D.C. will see it's share of multifamily project starts in 2016.
- The H Street/NoMa market may be avoided by developers.
- Large waves of annual multifamily deliveries have been for the most part absorbed.