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Over the past few years, Washington, DC has emerged as the strongest and most resilient economy in the country. From office and residential markets to the hospitality/tourism industry and educational institutions. Washington has a development dynamic best illustrated by $17.7 billion worth of projects completed since 2001 and the $9.5 billion currently under construction.
With new development occurring in each of the District's core economies – office, retail, residential, education, hospitality/tourism and media/communications – investors are discovering the opportunities that DC has to offer. Washington, DC is ranked as the #2 national and #2 international investment market among foreign investors (AFIRE) and the #5 retail investment market by Marcus & Millichap. Residential investors are also discovering the appeal of the District's neighborhoods as thousands of new housing units are under construction.
Washington, DC, a city created as the symbol of democracy, has become an economic engine that anchors an entire region and beyond. An urban renaissance is transforming the nation's capital into a world-class city with an unparalleled business environment. |
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