The Washington, D.C. metro has experienced an unprecedented supply wave this cycle, adding more than 12,000 units per year since 2014, resulting in a 13% increase in inventory.
And supply does not show signs of slowing in the near-term, with almost 28,000 units underway, a majority of which are expected to deliver through 2019. Demand has largely kept pace, though. Landlords of new buildings are using concessions to ensure rapid lease-ups, but…