Grow Your Business in a Market on the Move
Residential, office and retail, Washington, D.C.’s commercial real estate market is generating interest and investment across all sectors.
DC Continues its 20-year urban renewal with the investment of billions of dollars in neighborhoods throughout the District and the presence of new retail, restaurant, and entertainment options in downtown, 25 Opportunity Zones and along the waterfront – have fueled the reemergence of historic commercial areas over the last 20 years.
DC commercial real estate experienced $5.6 billion in investment from July 2018 to June 2019 as robust economic and dynamic employment opportunities, combined with high quality of life, entice more young professionals and businesses to the city. Meanwhile, demand is increasing for housing, retail and industrial space with more than 28 million square feet of development planned after 2019.
With a growing amount of new people and venture capital flowing into the area, now’s the time for real estate investors and innovators to set their sights on D.C. Projects span from new supermarkets to high-end shopping and hospitality. Three of D.C.’s most ambitious developments are designed to create a new nexus of commercial use, community and comfort.
Companies like Hilton, Amazon, Facebook, Google and Capital One are joining loads of small and medium businesses in the country’s sixth-largest metro area. With a growing amount of new people and venture capital flowing into the area, now’s the time for real estate investors and innovators to set their sights on DC.