Washington, D.C.’s Looming Construction Pipeline Could Disrupt Submarket Fundamentals

Rendering of the 520-unit 200 Stovall apartment building in Alexandria, Virginia.Credit: Perseus Realty

Key performance metrics were green across the board in Washington, D.C.’s Alexandria/I-395 apartment market at the start of the fourth quarter. But the looming construction pipeline could put a dent in the recent positive performance.

Most remarkable is the more than $450 million in sales volume through the first three quarters of 2018. This…