DC rent growth continues to be strong and stable

  • 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.

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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.