•  Three projects totaling 631 units delivered in Q1 2018, while an additional 4,562 units are slated to deliver before year-end. Of the anticipated supply in 2018, 59.2% occurs in the NoMa/Union Market and Capitol Riverfront/SW Waterfront submarkets.

•  Stabilized Class A vacancy in Washington, D.C. decreased 20 bps over the year, despite the addition of 6,036 units in 2017.

•  The largest delivery in Q1 was WC Smith’s Agora at the Collective. The 334-unit Capitol Riverfront project is anchored by a Whole Foods Market. Despite an influx of new supply, Class A rents in the Capitol Riverfront/SW Waterfront submarket increased 2.6% over the year.