THE WASHINGTON POST (JANUARY 14, 2019) – A wave of new apartments has held down rent price growth in the D.C. region, according to RealPage, a tech company that provides software and analytics for the rental housing industry. Washington added around 11,000 units in 2018. Another 16,000 are expected to come online in 2019. The influx is well above historical norms of 7,000 to 8,000 units per year. But this cycle, which started in 2010, has brought an average of 10,000 to 12,000 new units per year.
“D.C.’ s annual rent growth has run below the national average for eight full years,” said RealPage chief economist Greg Willett. “That says something about the volume of product that’s been brought online.”
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