(To read more on the multifamily market, click here.)

WASHINGTON, DC-Multifamily in the metropolitan area is enjoyinga strong run as the housing market--particularly condos--starts tocool off and additional supply has not yet become available.However, Grant Montgomery, vice president of Delta Associates andauthor of a new report on the subject, believes these dynamics willshift as several multifamily construction projects arecompleted.

"There are 16 projects under construction and four in theinitial lease up phase in Northern Virginia," he tells GlobeSt.com."So while the market has taken notice of the huge demand formultifamily space, there will be a lag time until these projectswill deliver."

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.