Report: 'For Rent' Looking Better in Montgomery County
Montgomery County residents can expect to see several thousand new rentals being built in the area throughout 2012, while less than a thousand are set to be built in Prince George's County, according to a report.
Those looking to settle in Montgomery County over the next year may be looking at lower average rents and more options, The Washington Post reports. Current projects under construction are projected to deliver around 4,500 market-rate apartments to the area by the end of the third quarter, according to The Post. The county has 16 apartment projects set for construction by mid 2012, the highest out of all Maryland suburbs, The Post reports. By comparison, Prince George’s County has one of the lowest, with three such projects. According to The Post, during the economic downturn, the construction of multi-family projects decreased—but since last year, construction on these types of projects has begun to come back. Maryland and Washington, DC…
