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Multifamily growth dominates Gaithersburg housing pipeline; staff flags shortage of larger units and high renter cost burden
Summary
Staff said most recent housing growth and the active development pipeline are concentrated in multifamily rental units (studios and one‑bedrooms), while two‑ and three‑bedroom units show lower vacancy and evidence of unmet demand; about half of renter households are cost burdened.
City planning staff told the mayor, council and planning commission on Sept. 8 that recent housing growth in Gaithersburg has been dominated by multifamily rental units and that the supply of larger rental units is limited. "Housing growth in the city in recent years has primarily been multifamily," Laura Mayfield, a city planning staff member, said.
Mayfield and Kirk Eby presented data showing about half of the city’s housing stock is multifamily and that the active residential pipeline through the forecast period is mostly multifamily rental. Using CoStar data, staff said most multifamily rental…
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