Rental market update: Washington, DC

The Washington DC metro area rental market is up 4%-5% in 2010 due to strong demand and a reduction of inventory. DC is now one of the most expensive rental markets in the United States.

Although often thought of as a government town, DC has a diverse base of industry and highly educated population supporting strong real estate prices. In fact, elections have very little impact on real estate across the region. On Capitol Hill, staffers tend to absorb the lower end rentals vacated by their predecessors while higher ranking officials are more likely to purchase.

Transferees have an abundance of options of lifestyle, excellent schools and first-rate neighborhoods

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