The bad news: you’re right. The Washington, D.C. area has the second-highest rent of any large metropolitan area in the country, according to the 2010 U.S. Census.
At a median rent of $1,391 per month, the region’s rent is more expensive than San Francisco, New York and Los Angeles, and second only to San Jose. Adding to the misery, D.C.’s rent has been rising faster than any other large metro area, according to the Washington Examiner.
The good news: expect rents to start going down, at least in some areas. According to Bloomberg News, D.C. area rent is expected to decrease up to 2 percent this year, and fall even faster next year, due to an oversupply of new apartment buildings. There will “‘no doubt’ be a ‘glut’ of apartments in the next 12 to 18 months,” Bloomberg was told.
Just don’t expect the rent to keep falling. Bloomberg reports that the local apartment market should stabilize by 2016 and rents should start increasing, once again, by about 4 percent annually.
We’re interested to find out if Arlington has seen any impacts from the expected apartment glut. If you rent an apartment and you’ve renewed your lease in the past 12 months, how much did your rent change?
Good Monday evening, Arlington. Today we published 5 articles that were read a total of 14658 times… so far. 📈 Top stories The following are the most-read articles for today…
After a slight weather delay, the second leaf collection pass will start tomorrow (Tuesday). Arlington County initially posted the second vacuuming could start on Saturday, Dec. 3. Despite the delay,…
Enjoy the two day curated Local Holiday Bazaar to shop local and have gifts professionally wrapped December 17-18.
A 39-year-old man is in jail after police say he broke into a woman’s home and sexually assaulted her. The alleged incident happened Friday around 7 a.m. on the 400…
Hello Everyone — You are invited to the final meeting of NAACP Arlington Branch NAACP for 2022
When: Dec 12, 2022, 07:00 PM Eastern Time (US and Canada)
Topic: 2022 General Membership Meeting — NAACP Arlington Branch
Register in advance for this webinar
After registering, you will receive a confirmation email containing information about joining the webinar.
7:00 pm Meeting Opens.
7:30 pm Installation
8:00 pm Presentation/Q&A; by Dave Schutz on Ranked Choice Voting
8:30 pm Final Remarks and Comments by Newly Elected Members
9:00 pm Meeting Adjourns
Installation Official Robert N. Barnette, Jr. President, Virginia State Conference NAACP The President of the Virginia State Conference NAACP will serve as the Installation Official and provide remarks for our newly elected officers at the general membership.
Join us December 10 & 11 for our Annual Handmade Holiday Workshop Series. We have a myriad of fun and festive programs from linoleum block wrapping paper printing and buttonhole book making workshops led by Eliza Clifford to a meditative grid workshop and Calligraphy Card Making with Anjelika Deogirikar. Join these wonderful artists and get creative this holiday season!
Join us as we celebrate the holiday of Chanukah! Enjoy delicious Latkes, hot cocoa, donuts and more!
Clarendon Menorah Lighting and Community Celebration
Experience the festival of lights!!
*Lighting of a giant 9 foot Menorah