Washington, D.C. Multifamily Outlook

Robust economy to act as shield against government job cuts. Recent actions undertaken by the Trump administration’s newly formed Department of Government Efficiency (DOGE) are raising questions about the potential impact on the Washington, D.C. metro multifamily market. To date, DOGE activities have focused on job cuts targeting probationary staff members, which number more than 200,000 nationwide, and buyout offers so far accepted by 75,000 civilian federal employees. DOGE has also cut funding to non-profits, non-governmental organizations, contractors and other non-state entities. While it is not yet clear exactly how many layoffs and resignations have taken place, with many of these actions also being challenged in the courts, these reductions come at a time when Washington, D.C. is experiencing a healthy employment environment.