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DC Apartment Demand Far From Free Fall

Recent Development Surge Drove 2022 Vacancy Expansion

This unique visualization of market equilibrium shows that four-quarter unit completions outstripped renter move-ins by the end of 2022. It also gives a sense of scale relative to the far more dramatic imbalance in 2020.
This unique visualization of market equilibrium shows that four-quarter unit completions outstripped renter move-ins by the end of 2022. It also gives a sense of scale relative to the far more dramatic imbalance in 2020.

There’s no sugarcoating the slowdown in lease-ups and overall apartment demand in the Washington, D.C., market in 2022. A high-level examination of demand data shows that some factors that weighed on national occupancy and rent figures played out in D.C., but not to the same level.

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