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
Oklahoma has Over 200,000 Vacant Homes. None are Affordable to Low-income Families.
The state faces a shortage of over 80,000 rental units for extremely low-income households while hundreds of thousands of vacant units face financial or legal barriers to restoration.
Nevada is no Longer a Haven of Housing Affordability
Large investors own 11 percent of single-family rentals in Las Vegas — far above the national average of 3 percent.
Seattle has Built Over 14,000 Affordable Units Since 2020 — More Than Any Other US Metro
Despite being ahead of other cities, Seattle is still short more than 150,000 affordable units.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Brightline West’s future may rely on $6 billion federal loan
The company has until Nov. 2 to make a $400 million equity investment into its proposed high-speed rail line.
LA Metro’s ultimatum: no extra buses for LA28 if federal funding isn’t imminently secured
If Metro does not provide additional buses, LA28 organizers will have to find a new way to manage Olympic traffic. LA28’s budget does not include a line item for transit.
Colorado’s Largest Data Center Could Rise Next to Homes — Without a Public Hearing
The proposed campus would consume 11 times the power of Denver International Airport; as it has across the country, opposition mounts.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association