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 Arben Skivjani 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.
Arben SkivjaniEconomist & Data Scientist, RealPage, Inc.
Arben Skivjani is an Economist and Data Scientist for RealPage, Inc. His primary focus is on forecasting and modeling, economic impact studies, reporting and analysis of macroeconomic indicators that affect the multifamily industry. Prior to joining RealPage, Arben worked for several government and private sector entities, including the District of Columbia Department of Employment Services, Center for Business and Economic Development at the University of Alabama and Camoin Associates in Upstate New York. As a native of Kosovo, Arben worked on several projects for the United Nations World Health Organization and the European Agency for Reconstruction in Southeastern Europe.
Arben is an active member the Dallas/Fort Worth Association for Business Economics and the National Association for Business Economics and served as a vice president and board member Alabama Economics Club.
Arben graduated with a bachelor’s degree in business administration from Auburn University at Montgomery and a master’s degree in economics from The University of Alabama.