•Rent growth in Suburban Maryland outpaced the Washington DC Metro at 3.2% year-over-year (YOY). Class A increased slightly by 1.1%, as Class B registered the largest increase by 4.3%.

•Investors remain optimistic in targeting Class B assets to perform renovations and increasing rental income. Through the first three quarters of 2018, 78.1% of the $2.2 billion sales invested in Suburban Maryland are classified as value-add investment product.

•Vacancy across all classes edged lower quarter-over-quarter (QOQ). Historically, demand is strongest in Q3, and as a result, vacancy decreased by 80 basis points (bps), bringing the effective rate to 3.9%. This rate is slightly higher than the Washington DC Metro average rate (3.6%).