The vacancy rate for new apartments in Washington, D.C., is rising fast as a historic amount of product delivers to a city whose population has flatlined since the pandemic began.
The vacancy rate for Class-A apartments in the District was 5.7% at the end of the year, up from 4.2% at the end of 2021, according to a fourth-quarter report from Delta Associates. That spike in vacancy was sharper than the increases in the Northern Virginia and suburban Maryland markets,… Read the full story here. | | |