Polling firm Morning Consult is back in growth mode after a major strategic shift …
The onetime D.C. unicorn turned profitable in in the fourth quarter on both a pure profitability and cash-flow basis … a milestone it has pursued since raising its first venture dollars in 2020. The company is hiring again and focused on landing new customers.
The legislation, introduced by Chairman Phil Mendelson, now heads to Mayor Muriel Bowser’s desk for her expected signature. The measure provides that offices being converted to residential should be reclassified as Class 1, or residential property, once a building permit is issued, as opposed to when the project delivers.
Commercial property, or Class 2, tax rates range from $1.65 to $1.89 per $100 of assessed value. The Class 1 rate is 85 cents per $100 of assessed value.
The legislation undoes a policy instituted by the Office of Tax and Revenue on Oct. 1 that declared a conversion project could not benefit from a change in classification to residential until construction is “100% complete” and the building is “in actual use,” according to the legislation. Prior to the OTR policy change, a property could be reclassified as residential at the issuance of a building permit.
The Washington Metropolitan Area Transit Authority (WMATA) released new budget forecasts last week that now anticipate $464 million in passenger revenue for fiscal year 2026, which begins July 1.
The revenue forecast for the subsequent fiscal year of 2027 has increased from projections shared last fall by $29 million to $482 million.
When it comes to ridership, Metro is now anticipating a total of 257 million trips in the current fiscal year, 270 million in FY 2026 and 275 million in FY 2027, split about evenly between Metrobus and Metrorail. That would continue a trend of 45 consecutive months of ridership growth, Metro officials say.
In particular, the metro stands out for its high salaries with female tech professionals earning a median of $113,000 per year, making it the second-most-lucrative large metro for women in the field.
Beyond earnings, Washington, D.C. also benefits from a strong network of job opportunities with nearly 48 tech jobs per 1,000 workers. Additionally, the nation’s capital has a strong share of female tech workers with health insurance (64%), which ensures job security and benefits for women in the sector.
Cooley LLP is in talks to pre-lease space at BXP’s trophy office redevelopment at 725 12th St. NW in downtown D.C., according to people familiar with the deal.
Cooley, Greater Washington’s 15th largest law firm, has 258 metro-area attorneys and 422 local employees
BXP expects to deliver the new building in late 2028, increasing the notoriously short supply of trophy offices in D.C.
