With the release of 2013’s fourth quarter results for the Washington D.C. metropolitan area’s apartment industry comes excitement and promise in the market. It’s all good news for those who rent their space around the beltway!
According to reports published by MPF Research, one of the biggest standouts from last quarter was the marked increase in construction volumes. In fact, this has been a highlight for this region for the past two years. Since 2012, and through the last quarter of 2013, construction volumes remained above 20,000 units, a very comfortable amount. Better yet, the delivery volume hit a 10-year high last year, ranking our metro with the largest completion volume in the nation.
The apartment industry is growing in the D.C. metro area, and Arcadia Run is no exception! This year, we plan to bring a new clubhouse for residents to socialize, a fitness center, a swimming pool, ball courts, a playground and walking and jogging trails all to the Arcadia Run development.
So, what does this all mean for potential renters? Rent! As the industry continues to advance and flourish, more and more people will opt to rent apartments like the ones available at Arcadia Run. The more people signing their lease, the more competition will increase, lowering overall supply and raising rents. With so much activity in the multi-family housing sector, smart renters are moving into their new apartments as soon as they can.
If searching for the right apartment in the D.C. Metro area, the luxury apartments at Arcadia Run in Manassas are the only choice! One of the hottest apartment communities on this side of the beltway, the spaces at Arcadia Run have everything renters look for.
Arcadia Run focuses on providing the most for tenants. Our luxury apartments are truly some of the nicest and most extensive in the Manassas market. Every unit features 9-foot ceilings, extended windows, patios or balconies, vinyl ‘hardwood’ flooring, and completely updated appliances. With the option of one or two bedrooms, some apartments even have walk-in closets.
The close proximity to various dining and shopping venues, as well as Jiffy Lube Live, are both huge advantages to the active Arcadia Run resident. And as mentioned, with new amenities, luxurious apartment features and a promising market, moving into Arcadia Run is one of the best decisions a renter can make!
Source: MPF Research