The Mid-Atlantic Multifamily Market registered tremendous growth in recent years. Rental apartment communities continue to outperform other asset types. Consistently ranked as one of the best places to live in the United States, the region is poised to maintain its rapid growth as a top-tier housing market.
Separated into four major markets, the District of Columbia, Northern Virginia, Suburban Maryland, and Baltimore, the region’s diverse employment bases merge together to form a strong Mid-Atlantic market.
Developers and institutions leveraged strong market fundamentals and trends which contributed to steady growth since the recession of 2008/2009.
Through the first half of 2018, the Mid-Atlantic Multifamily Market achieved strong rent growth, boosted primarily by expansions in both income and employment. Investment activity reached historic levels, with sales volume cracking the $9B mark in 2017, and 2018 positioned to reach $10B. Value-add investment is in the highest demand, backed by unprecedented liquidity in the market.
CBRE is pleased to release the H1 2018 Mid-Atlantic Multifamily Market report. This report was created to compile granular data and expand on the multifamily dynamics happening in the region from a market and neighborhood level, with expert insights.