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DC's Apartment Market Showed Its Dominance Last Year

CoStar Insight: Occupancy, Rent Growth and Sales Volume Were Up Across the Board, Though 2020 Could Bring New Challenges
The recently built Novel South Capitol in Navy Yard. (CoStar)
The recently built Novel South Capitol in Navy Yard. (CoStar)
By Nicholas Mills
CoStar Analytics
January 23, 2020 | 3:48 P.M.

Apartment performance in the Washington, D.C., market last year was nothing short of remarkable. With the close of 2019, stakeholders saw a vacancy rate fall to near decade lows while more than 13,000 units opened.

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