After years of rising rents D.C., 2017 brought a bump in new apartment supply and a dip in apartment rents around the city.
Q4 2017 was the third straight quarter that saw rents fall for apartments in D.C. "This stretch represents the first time since 2009-10 that D.C. rents have declined for three straight quarters. Rents dropped by 1% year over year in Q2, the first decline in over two years, and then fell again in the third quarter by 1.3%," Jon Banister reports for BisNow.
The fall in rents coincides with a bump in the supply of apartments over that time. "The rapid pace of supply growth is expected to increase even more this year, with Delta projecting the completion of 5,972 units in 2018," Banister writes. Some of this dip in rent comes from new promotional offers coming into the market, for instance a month of free month has been offered at some properties. Northeast D.C. rents fell the most, while neighborhoods like Capitol Riverfront, Capitol Hill, and Southwest D.C. saw little change.
FULL STORY: D.C. Apartment Rents Fell 3.9% In 2017 As Rare Drop Continued In Q4
Rents Rose Between December and January
After dropping to a three-year low, U.S. rent costs grew in many major cities.
As Housing Crisis Continues, Cities Take New Approaches
How U.S. cities are seeking to diversify their funding sources for housing assistance programs and eliminate barriers to housing construction.
Commentary: Residential Vacancies Don’t Outweigh Need for New Housing
The myth that there are plenty of vacant housing units in U.S. cities comes from misconceptions about leasing timelines and developer incentives.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Restaurant Patios Were a Pandemic Win — Why Were They so Hard to Keep?
Social distancing requirements and changes in travel patterns prompted cities to pilot new uses for street and sidewalk space. Then it got complicated.
Map: Where Senate Republicans Want to Sell Your Public Lands
For public land advocates, the Senate Republicans’ proposal to sell millions of acres of public land in the West is “the biggest fight of their careers.”
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
San Francisco Suspends Traffic Calming Amidst Record Deaths
Citing “a challenging fiscal landscape,” the city will cease the program on the heels of 42 traffic deaths, including 24 pedestrians.
California Homeless Arrests, Citations Spike After Ruling
An investigation reveals that anti-homeless actions increased up to 500% after Grants Pass v. Johnson — even in cities claiming no policy change.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
JM Goldson LLC
Custer County Colorado
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Camden Redevelopment Agency
City of Claremont
Municipality of Princeton (NJ)