(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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