Rents Start to Drop Around the DC Metro
Residential rents in and around DC softened significantly in 2008, according to Alexandria-based real estate research firm Delta Associates. The drop in rents was most pronounced among Class A properties in DC proper, which saw rents fall 0.7 percent from December 2007 to December 2008. While 0.7 percent might seem nominal, the last time Delta recorded a rental decline at all in the DC metropolitan area was during the post-9/11 recession.