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In The News …

DC-Area Apartment Rents Rise, Vacancy Second Lowest in the Country (Urban Turf via DCentric): “… rents in the DC area for Class A and B apartments have risen 3.6 percent over the past twelve months while vacancy rates sit at 2.8 percent, the lowest for any metro area in the country except for New York City.” For Class A apartments (primarily large buildings constructed after 1991), the vacancy rate is just 1.6% and rental rates “averaged $2,582/month, up from $2,448/month in September 2010.” So not only is affordable rental housing difficult to locate in the city, any rental housing is not easy to come by — and the search alone can require both funds and time.

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