Report: DC Area Rental Market May Be Slowing Down

By Whitney Teal

A new report on the Washington, DC area rental market suggests that developers may have a more difficult time unloading all those high-rises than previously thought, Washington Business Journal reports. 

Rental rates are down less than 1 percent, but it’s the first time there’s been a slip of any kind since 2009, a report from Delta Associates, Inc., an Alexandria-based real estate firm, found. The number of units that the DC region will create will decrease also over the next 12 months, WBJ reported. 

One possible cause, offered by WBJ: Good, old-fashioned market over-saturation. 

Read more about the report at The Washington Business Journal.