DC rent growth remains stable with influx of new stock

Yardi report finds rent growth cooling as inventory grows, most notably for lifestyle renters
  • U.S. rents were up 5 percent annually in August, slowing from the 6-plus percent increases reported for the majority of the year.
  • Washington D.C. and Baltimore annual rent growth reached 3.6 percent and 3.2 percent, respectively, in August.
  • Completions in Washington D.C. made up 3.6 percent of the total stock of new homes, with 17,800 new units forecasted by the end of 2016.

The Yardi Matrix U.S. Multifamily Outlook for fall 2016 found that national rent growth has continued but slowed, while a couple bursts of job growth has helped propel the market forward.