Insights
District of Columbia
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSEXPLORE 1 District of Columbia MARKETToggle markets
VACANCY
Apartment
The average Vacancy Rate was 8.3% in the the District of Columbia District
- No vacancy change since year-end 2023 in the the District of Columbia District.
- Vacancy is expected to finish 2024 at 8.4% in the the District of Columbia District.
Office
The average Vacancy Rate was 16.1% in the the District of Columbia District
- The the District of Columbia District had the ninth lowest vacancy in the nation and the eighth lowest in the South Atlantic.
- Vacancy in the the District of Columbia District drifted upward by 10 basis points.
- The the District of Columbia District had the highest vacancy level since year-end 1993.
RENT
Apartment
The average Asking Rent was $2,092 in the the District of Columbia District
- The the District of Columbia District remained flat rent since year-end 2023.
- Rent is expected to finish 2024 at $2,139 in the the District of Columbia District.
Office
The average Asking Rent was $57.46 in the the District of Columbia District
- Rent in the the District of Columbia District was up 0.3% from year-end 2023.
- Rent is expected to finish 2024 at $57.95 in the the District of Columbia District.