Matrix Multifamily Washington DC Report-July 2026 July 15, 2026

D.C. weathers pressure

The average advertised asking rent in D.C. was up 0.3 percent on a T3 basis through May, to $2,227. That was on par with the U.S. growth rate. The metro's struggling employment sector contrasted with strong development, with 21,000 units under construction and another 235,000 units in the planning and permitting stages.