Series: Market Update
Up Close and Local: Washington, DC Market Update
Metro Washington, D.C. emerged from 2008-2009’s Great Financial Crisis as one of the country’s best-performing local apartment markets, having suffered minimal damage in terms of both occupancy and rent achievement.
That status meant the market ranked among the nation’s big winners in the early years of the 2010s recovery. However, it also kicked off an unprecedented building boom, with the surge in new supply holding local rent growth during much of the past decade well under the levels achieved historically.
Join RealPage® experts Greg Willett and Adam Couch for a discussion on where the metro Washington, D.C. apartment sector stands now and whether the performance pattern kicked off a decade ago will be repeated during the next few years.
Discussion topics include:
- The local economy and other apartment demand influences
- Construction activity and near-term delivery
- Apartment occupancy and rent change by product class
- Investor appetite and property transaction stats
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Adam CouchMarket Analyst, RealPage, Inc.
Adam Couch is a market analyst with RealPage’s Data Analytics division. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets. He graduated from the University of North Texas with a degree in Finance and was a part of the Student Investment Group. Adam has traveled extensively throughout China where he studied international policy and its impact on macroeconomics.