In this edition of our market brief, we focus on the Downtown Washington D.C. submarket. Like many urban office markets, it has experienced rising vacancies due to the shift in demand driven by remote and hybrid work during and after the COVID-19 pandemic. To revitalize its urban core and adapt to these changes, D.C. is implementing office-to-residential conversions. A key initiative in this effort is the City’s Housing in Downtown (HID) program, which aims to attract 15,000 new residents to the downtown area by 2028.
Additionally, we provide an overview of multifamily performance metrics across the U.S., the Washington D.C. Metro area, and Downtown. We appreciate your continued trust in us as your primary source for market intelligence. Our mission is to provide you with the essential insights and data needed for informed decision-making.
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