Multifamily development in DC ramping up in 2016 and into the future

Northwest D.C., Capitol Waterfront account for 2016 project starts
  • 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.

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.