Washington D.C. Rents Rise in February Following 3 Months of Decline -- Market Talk

Dow Jones

Mar 05, 2025

1032 ET - The median rent in Washington, D.C., rose 2.7% year-over-year, to $2,325 in February, Redfin says, after three months of declines. Despite falling nine of the past 12 months, D.C. rents contrast with sharp increases in the broader metro area. Rents peaked at $2,463 in the district in July 2023 but dropped with a surge in apartment construction, fluctuating between $2,265 and $2,350. February's uptick coincides with federal job cut fears, though Redfin says it's too soon to gauge impacts. Federal workers face return-to-office mandates, potentially affecting rents if layoffs drive relocations. Apartment permits fell from 11 per 1,000 people in 2022 to 2 in 2024, signaling less future supply. Nearby, Arlington, VA., rents jumped 12.1% to $2,591, while Silver Spring, MD., fell 7.3%. (chris.wack@wsj.com)

(END) Dow Jones Newswires

March 05, 2025 10:32 ET (15:32 GMT)

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Rents Rise in February Following 3 Months of Decline -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1032 ET - The median rent in Washington, D.C., rose 2.7% year-over-year, to $2,325 in February, Redfin says, after three months of declines. Despite falling nine of the past 12 months, D.C. rents contrast with sharp increases in the broader metro area. Rents peaked at $2,463 in the district in July 2023 but dropped with a surge in apartment construction, fluctuating between $2,265 and $2,350. February's uptick coincides with federal job cut fears, though Redfin says it's too soon to gauge impacts. Federal workers face return-to-office mandates, potentially affecting rents if layoffs drive relocations. Apartment permits fell from 11 per 1,000 people in 2022 to 2 in 2024, signaling less future supply. Nearby, Arlington, VA., rents jumped 12.1% to $2,591, while Silver Spring, MD., fell 7.3%.  (chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2025 10:32 ET (15:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Washington D.C. 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Rents Rise in February Following 3 Months of Decline -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-05 23:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1032 ET - The median rent in Washington, D.C., rose 2.7% year-over-year, to $2,325 in February, Redfin says, after three months of declines. Despite falling nine of the past 12 months, D.C. rents contrast with sharp increases in the broader metro area. Rents peaked at $2,463 in the district in July 2023 but dropped with a surge in apartment construction, fluctuating between $2,265 and $2,350. February's uptick coincides with federal job cut fears, though Redfin says it's too soon to gauge impacts. Federal workers face return-to-office mandates, potentially affecting rents if layoffs drive relocations. Apartment permits fell from 11 per 1,000 people in 2022 to 2 in 2024, signaling less future supply. Nearby, Arlington, VA., rents jumped 12.1% to $2,591, while Silver Spring, MD., fell 7.3%.  (chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2025 10:32 ET (15:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517497969","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517497969","pubTimestamp":1741188720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1032 ET - The median rent in Washington, D.C., rose 2.7% year-over-year, to $2,325 in February, Redfin says, after three months of declines. Despite falling nine of the past 12 months, D.C. rents contrast with sharp increases in the broader metro area. Rents peaked at $2,463 in the district in July 2023 but dropped with a surge in apartment construction, fluctuating between $2,265 and $2,350. February's uptick coincides with federal job cut fears, though Redfin says it's too soon to gauge impacts. Federal workers face return-to-office mandates, potentially affecting rents if layoffs drive relocations. Apartment permits fell from 11 per 1,000 people in 2022 to 2 in 2024, signaling less future supply. Nearby, Arlington, VA., rents jumped 12.1% to $2,591, while Silver Spring, MD., fell 7.3%.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","BK4548":"巴美列捷福持仓","WASH":"华盛顿信托银行","BK4079":"房地产服务","RDFN":"Redfin Corp"},"translate_title":"华盛顿特区租金在连续三个月下降后于2月份上涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDFN":0.9,"WASH":1},"content_text":"1032 ET - The median rent in Washington, D.C., rose 2.7% year-over-year, to $2,325 in February, Redfin says, after three months of declines. Despite falling nine of the past 12 months, D.C. rents contrast with sharp increases in the broader metro area. Rents peaked at $2,463 in the district in July 2023 but dropped with a surge in apartment construction, fluctuating between $2,265 and $2,350. February's uptick coincides with federal job cut fears, though Redfin says it's too soon to gauge impacts. Federal workers face return-to-office mandates, potentially affecting rents if layoffs drive relocations. Apartment permits fell from 11 per 1,000 people in 2022 to 2 in 2024, signaling less future supply. Nearby, Arlington, VA., rents jumped 12.1% to $2,591, while Silver Spring, MD., fell 7.3%.  (chris.wack@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2025 10:32 ET (15:32 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}