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WASHINGTON, DC-Delta Associates has reported what many in the industry here had suspected was on the horizon: multifamily rents in the metro area are expected to decrease as much as 2% this year. In 2014, rents will fall even further. Last month Paul Norman and Jorge Rosa from Cushman & Wakefield’s Multifamily Advisory Group told GlobeSt.com that they had started to see a pullback in rent growth.

The question now for the market is not so much how much rents will decline (although that certainly is a consideration) but will the robust financing available for acquisitions and development start to pull back in response? The answer to this question is complex and dependent on far more than just rental trends, although a slowdown is not going to help. Unfortunately the ingredients are in place for some kind of pullback if current trends continue.

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