The median rent for one- and two-bedroom apartments in Washington, D.C., amounted to about 2,121 U.S. dollars by the end of 2023. Rents decreased by over 11.6 percent annually in December 2020
READ MOREU.S. real value added to GDP in Washington D.C. 2022, by industry. Published by Statista Research Department, Nov 21, 2023. In 2022, the government and government enterprises industry added the
READ MOREIn May 2024, Washington, DC home prices were up 3.3% compared to last year, selling for a median price of $697K. On average, homes in Washington, DC sell after 36 days on the market compared to 39 days last year. There were 674 homes sold in May this year, down from 782 last year.
READ MOREAvison Young advisors look at Washington, DC commercial real estate activities and the latest Washington, DC statistics to provide you expert market research on Washington
READ MOREHow much does a storage unit cost in Washington, D.C.? Currently, the average cost of a 10x10 storage unit in Washington, D.C. is $152/month, a decrease of 5% compared to last year . Nationally, self storage street rates for 10×10 non-climate-controlled units saw a 4.7% year-over-year decrease, registering an average of $121 in April, 2024.
READ MOREThis year has brought about distinct challenges and opportunities in the Washington, DC construction market. These changes reflect the broader economy and
READ MOREIndustrial fundamentals continue to recalibrate. May 07, 2024. Industrial fundamentals continued to normalize to their pre-pandemic figures in the first quarter of 2024. Q1 marked the sixth consecutive quarter of declining absorption which started 2024 with 27.9 million s.f. absorbed. Despite stagnant absorption, leasing activity increased
READ MOREChelsey resides in Washington, D.C and is a certified general appraiser. Contact Chelsey at (202) 434-8793, or cleffet@hvs . Despite a somewhat slow rebound when compared to many other major markets, the Washington, D.C. hotel market, inclusive of the luxury hotels, has experienced significant growth since mid-year 2022, led
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READ MORESummary and analysis of Washington DC''s current economic and office real estate market conditions. April 08, 2024. Download our quarterly insights to learn about the basic fundamentals of the Washington DC office market as well as major activity impacting the market and an outlook for the near future.
READ MOREthe market is negatively responding to conservative underwriting assumptions putting a particular emphasis on weighted average lease term (WALT) and occupancy. The downtimes in between leases and a shift to multifamily and
READ MORELooking for a PDF of this content? Download. Retailers and restaurateurs continue to seek prime mixed-use neighborhoods amidst post-pandemic changes in demand.
READ MORETotal employment is projected to increase almost 4.7 million from 2022 to 2032. 09/06/2023. Total employment is projected to grow by almost 4.7 million from 2022 to 2032. This growth is driven primarily by growth in the health care and social assistance sector. The Occupational Outlook Handbook (OOH) now features the 2022-32 projections.
READ MOREU.S. Child Care Market Size & Trends. The U.S. child care market size was estimated at USD 61.70 billion in 2023 and is expected to grow at a CAGR of 5.86% from 2024 to 2030. The market growth is driven by the increased demand due to more parents returning to offices, advancements in learning technologies, and government funding, specifically for
READ MOREBILBAO, May 23, 2023 — Revenues from carbon taxes and Emissions Trading Systems (ETS) have reached a record high, about $95 billion, finds the World Bank''s annual "State and Trends of Carbon Pricing" report released today. This is despite the challenging context for governments facing high inflation, fiscal pressures, and energy crises.
READ MOREDownload our quarterly insights to learn about the basic fundamentals of the Washington DC office market as well as major activity impacting the market and an
READ MOREChelsey earned her BS in Hospitality Management and her MBA from East Carolina University. Chelsey resides in Washington, D.C and is a certified general appraiser. Contact Chelsey at (202) 434-8793,
READ MOREGovernment data offers valuable insights into a state''s economy. Washington, DC''s economy ranks 34th in size among states and Washington, DC. Explore this page to learn about the state''s economic growth, job market, and economy size, backed by data from reputable sources like the Bureau of Economic Analysis and the Bureau of
READ MOREIn Q2 2021, the region posted more retail openings than closures. East of the River: Multiple mixed-use projects have broken ground East of the Anacostia River, a traditionally
READ MORECushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand
READ MOREDiscover the current state of Washington, DC''s economy, including its growth, unemployment rate, and key industries. Get insights from government data
READ MOREOur take on this trend Our take on this trend Our take on this trend With several projects already started, the city could address the housing issue with conversions of obsolete office buildings to residential, but rarely do they pencil. Office to residential conversions are being considered It''s still a tenant''s market with
READ MOREThe Thomson Reuters Law Firm Financial Index, which measures law firm market performance, fell to an all-time low in the third quarter of 2022, marking the fifth consecutive quarterly drop. Although demand growth for law services has dampened, sticky elevated expenses related to 2021 and 2022''s labor challenges are of greater concern to
READ MOREQ2 2023. Washington, DC office market report. page 2Washington, DC office insights | Q2 2023. The inflection point between structural shifts in the office market and a rising interest rate environment is manifesting itself in extremely suppressed investment volume in the office sector. $353mm through the first half of the year is roughly 4.78x
READ MOREWashington DC is one of the fastest-growing IT centers in the US, and also among the most popular locations for Tech and IT companies. According to a Cushman and Wakefield study, DC is the #3 largest tech hub in the US, and the most inclusive one based on the same study, making it the #1 city in the US for women enrolled in the tech
READ MOREU.S. real value added to GDP in Washington 2022, by industry. Published by Statista Research Department, Nov 17, 2023. The gross domestic product (GDP) of Washington in 2022 amounted to around
READ MOREThe Washington DC housing market is expected to remain strong in 2023, despite the challenges posed by the pandemic, economic uncertainty, and political instability. While the market may face some headwinds, such as tight supply and rising prices, there are still opportunities for buyers, sellers, and investors to find value in the market.
READ MOREWashington D.C. saw a small uptick in Q2 2023 leasing activity which totaled 1.4 million square feet (msf), compared to 950,000 in the previous quarter. The Q2
READ MORESales of legal adult-use cannabis is expected to increase greatly in Washington D.C. between 2021 and 2024. From an initial forecast of 40 million U.S. dollars in sales in 2021 sales will increase
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