Series: Market Update
Up Close and Local: Washington, D.C. Market Update
While the apartment sector in Washington, D.C. didn’t take the 2020 performance hit that was seen in some other gateway metros, the market certainly didn’t maintain its normal momentum. Early 2021 brought improving performance fundamentals to some degree, but lots of new supply pouring into the market has led to considerable leasing competition among individual assets of late, especially in the neighborhoods where construction activity is heaviest. Investors generally like this metro in the big picture and are continuing to deploy capital into the market.
Join RealPage analysts for an examination of what’s shaping the apartment sector performance in Washington, D.C. and what’s likely to happen over the near term.
Discussion topics include:
- Construction activity
- The local economy other apartment demand influences
- Apartment occupancy and rent change by product class
- Neighborhood-level performance variation
- Investor appetite and property transaction stats
Adam Couch is a Market Analyst for RealPage, Inc. He is the co-host of RealPage’s weekly market webcasts that feature analysis and insights on macro and micro level trends shaping national and local apartment performance. Adam also has been a featured speaker at several multifamily housing industry conferences and regularly provides commentary for national and local business media. Prior to joining Realpage, Adam worked in the foreign exchange and futures industry where he focused specifically in capital markets.
He received his bachelor’s degree in finance from the University of North Texas. Adam was also a part of the Student Investment Group and travelled extensively throughout China, where he studied international policy and its impact on macroeconomics.
Carl WhitakerMarket Analyst, RealPage, Inc.
Carl Whitaker is a market analyst with RealPage’s Data Analytics division. He brings a background in geography and demographics, analyzing the apartment sector and creating in-depth reports and presentations for clients. Carl has previously worked as an analyst for Axiometrics and for a commercial real estate consulting company whose clients included multifamily property owners where he conducted demographic analysis and analyzed demand for land uses. He holds a Master of Science in Geography.