DC rent growth continues to be strong and stable

Report finds US rent averages increased $3 in August to reach the eighth consecutive monthly record
  • Yardi reported national average rent prices increased 5 percent in August compared with the same month last year.
  • The Washington D.C. rental occupancy rate remained stable, sitting at 96.2 percent in July.
  • By the end of 2016, rent growth in D.C. is expected to be 1.2 percent.

The multifamily rental market is starting to reflect the introduction of fall, cooling off but still growing. According to the Yardi Matrix Monthly report, which is a monthly measurement of 120 U.S. markets, August marked the eighth consecutive month of record rent prices.