Apartment Construction to Spike in D.C. Area

May 17, 2011  |  

(Washington Business Journal) — While just 1,800 units will deliver this year in the D.C. area — about 3,600 fewer than last year — a flurry of product is getting ready to flood the market in 2012, according to a forecast from Marcus & Millichap.  In the past six months, construction has started on 2,000 rental units, including about 800 units in D.C. An additional 1,400 rental units will break ground in the D.C. area from now until the end of 2011, creating one of the most extensive pipelines in the U.S.

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