Matrix Multifamily WashingtonDC Report-July 2023

DC’s solid quarter

Rents bounced back in Washington, D.C., with the average asking rent appreciating for the third consecutive month, up 0.6 percent on a T3 basis through May to $2,098. YoY, D.C. rents rose 1.9 percent, lagging the 2.6 percent U.S. rate.

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