Sports One

Apr 16, 2021

DC's Fastest-Growing Multifamily Market Now Sports One of the Country's Highest Vacancy Rates Stabilized Vacancy Rate Has More Than Doubled in the Southwest-Navy Yard Area The 820-unit Crossing DC opened last year just blocks north of the Navy Yard-Ballpark Metro station. (Bozzuto) By Nicholas Mills Washington, D.C.'s Southwest-Navy Yard area, a former industrial wasteland that over the last decade has become one of the fastest-growing apartment markets in the United States, ended the first quarter with one of the highest vacancy rates in the country as over construction met stifled demand in the fallout from the coronavirus pandemic. This news story is available exclusively to CoStar subscribers. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar subscribers. Ready to Learn More?