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Renter Demand for Apartments Across DC Continues to Beat Projections

Market Video: Apartment Investment Volume Outpaces Office Volume
New apartment buildings at the Wharf on Washington, D.C.'s waterfront. (Getty Images)
New apartment buildings at the Wharf on Washington, D.C.'s waterfront. (Getty Images)
By Nicholas Mills
CoStar Analytics
November 13, 2019 | 8:06 P.M.

Based on fundamental data such as vacancies, demand and supply, it seems like Washington, D.C. can now be added to the list of technology markets where demand for apartments is insatiable. As the year nears its close, it appears that vacancies are bottoming out. Landlords have benefited from strong demand, and as a result, the sub-6% vacancy rate is near decade lows.

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