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Washington, DC, Luxury Apartment Rents Falling Fastest in High-Supply Areas

CoStar Insight: DC Added 14,000 Units Over Past 12 Months; Competition Fierce as Demand Dries Up
D.C.'s two most popular markets by the net absorption metric tracked by CoStar were the H Street-NoMa neighborhood and the Southwest-Navy Yard area. (Getty Images)
D.C.'s two most popular markets by the net absorption metric tracked by CoStar were the H Street-NoMa neighborhood and the Southwest-Navy Yard area. (Getty Images)
By Nicholas Mills
CoStar Analytics
April 28, 2020 | 4:10 P.M.

Washington, D.C.'s premier apartment rental markets are feeling the effects of the coronavirus pandemic and social distancing as falling daily asking rents become a widespread issue.

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