DC Poised For Apartment, Condo Boom
Law360, New York (June 11, 2013, 8:26 PM EDT) -- The more than 200 new multifamily projects set to hit the D.C. metro market in the next few years have some observers concerned about oversupply, but experts say the influx of apartments could help balance the local market and satisfy a backlog of demand.
For the past several years, the Washington real estate market had been stalled by the lingering effects of the recession, but in recent months construction has picked up significantly as financing has become more readily available.
“Right now the flock of cranes in D.C. is back big-time,” said Robert Diamond, a partner with Reed Smith LLP, referring...
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