Report

Mid-Atlantic Multifamily Real Estate Market Reports

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Market Overview

The Mid-Atlantic multifamily market remained stable in Q1 2025, with performance split across submarkets. Washington, D.C. saw positive absorption and rent growth driven by demand for urban core units, while Baltimore and Richmond posted modest gains. Occupancy across the region hovered near 94%, despite an active development pipeline—particularly in Northern Virginia and Richmond. Rent growth has decelerated, averaging 1.5% year-over-year, as new supply enters the market. However, strong job fundamentals, especially in government, healthcare, and tech, continue to support long-term demand across the corridor.

About Newmark

Newmark is a top-tier global commercial real estate advisory firm offering services in capital markets, leasing, valuation, and asset management. Known for blending local market insight with national-level analytics, Newmark’s multifamily research delivers strategic intelligence across major U.S. metros. Their reports examine rent trends, absorption rates, construction activity, and capital markets dynamics—helping investors and developers track near-term performance while planning for long-term growth. In key regions like the Mid-Atlantic, Newmark's data-driven approach supports sharper underwriting, development strategy, and portfolio optimization.

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