Marcus & Millichap

Washington, D.C. Self-Storage Investment Forecast

2019 Outlook

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Lower Rents Enable Vacancy Dip in Washington, D.C.

Our nation’s Capital enters 2019 with a sub-3.3 percent unemployment rate, its lowest level in a decade, following the creation of 55,000 jobs last year. Law firms and other professional service providers accounted for about a third of hiring velocity. A tight labor market will hinder recruiting and slow employment growth this year.

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