Washington DC Multifamily Market Report – February 2025

Market Overview

Washington, D.C.’s multifamily market showed moderate strength in early 2025, with occupancy holding at 95% and annual rent growth of 1.2%. The metro is navigating a steady pace of new supply—over 10,000 units delivered in the past year—with continued construction concentrated in urban submarkets like NoMa, Navy Yard, and Tysons. Demand remains strong in transit-oriented and lifestyle-rich areas, bolstered by the region’s large government employment base and expanding tech sector. While concessions persist in some Class A lease-ups, affordability pressures in the for-sale market are helping maintain steady renter demand across Class B and C properties.

About Yardi Matrix

Yardi Matrix is a trusted provider of detailed commercial real estate intelligence, with a focus on multifamily, office, and industrial assets. Its platform offers granular insights into rent trends, occupancy, ownership, and development activity across more than 160 U.S. metros. Each report blends proprietary data and public sources to give real-time views of local markets—making it a critical tool for investors, operators, and analysts. In markets like Washington, D.C., Yardi Matrix delivers in-depth visibility into submarket dynamics, helping stakeholders adapt strategies to changing conditions.