Washington, D.C. Multifamily Market Report | Yardi Matrix | Q4 2025

Market Overview

Washington, D.C.'s multifamily fundamentals were under mild pressure heading into Q4 2025. Average asking rents dipped 0.3% on a trailing three-month basis through September to $2,227, and the metro recorded a net loss of 4,400 jobs year-over-year, with unemployment rising to 5.6% in August. Developers delivered 12,457 units through September, representing 1.9% of existing stock. Transaction volume reached $1.9 billion across 32 assets. Against that backdrop, Yardi Matrix projected full-year rent growth of 2.3% for 2025, and a $3.7 billion mixed-use development at the former RFK Stadium site, including roughly 6,000 affordable units, signals durable long-term investment in the market.

About Yardi Matrix

Yardi Matrix is a national commercial real estate data and analytics firm serving investors, developers, and property managers across asset classes. Their Washington, D.C. November 2025 multifamily market report covers asking rents, employment trends, construction activity, and transaction volume to help owners and investors assess market conditions. To read the full report, click here.