What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
10,700 Units Delivering in Two Years: DC Development in 2020 By The Numbers
✉️ Want to forward this article? Click here.
After a tumultuous 2020, the Washington DC Economic Partnership has released its latest development report.
Here are some of the more interesting numbers related (and adjacent) to development across DC this year:
- 313,459 — The estimated number of households in DC in 2020, a 17.5% increase over 2010.
- 13,777 — The number of residential units under construction as of December 2020, across 70 projects; 83% of these will be market-rate, and roughly 10,700 of the units are expected to deliver in the next two years.
- 5,559 — The number of residential units that delivered in DC in 2020.
- 469 — The net number of residential units absorbed in DC in 2020, down from 4,314 in 2019.
story continues below
loading...story continues above
![](https://assets.urbanturf.com/dc/images/blog/2021/03/dev-apts1200.jpg)
- 10.7% — The average concessions offered as a percentage of rent in the fourth quarter of 2020, up from 2.2% in Q1.
- 58% more households moved out of DC than moved in from March through June 2020.
- 41 — The number of projects that broke ground in DC (including major renovations), the lowest since 2004.
- 22 — The number of residential projects that broke ground during Covid (March through December 2020), totaling approximately 4,000 units.
- 9.6% — The vacancy rate for Class A and B market-rate apartments in the fourth quarter of 2020.
- 83 — The number of projects expected to deliver this year, totaling 9.87 million square feet.
Thumbnail photo by Ted Eytan.
See other articles related to: development, pipeline, washington dc economic partnership, wdcep
This article originally published at https://dc.urbanturf.com/articles/blog/10700-residential-units-delivering-in-the-next-two-years-dc-development-in-/18009.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro