Washington DC Investment Properties
There is very little doubt that Washington DC real estate is experiencing a development boom. Year-over-year, the Washington housing market continues to grow offering thousands of new residential construction starts (up 8.9% since 2010) as well as new restaurants, grocery stores, entertainment and cultural development. Since 2001, the district has made it a priority to develop more “walkable”, pedestrian friendly and self-contained neighborhoods. Just look around the revitalized Washington DC communities and it’s obvious that the city initiatives have achieved this goal and done so beautifully. Since this new undertaking has started we have seen over 6.4 million square feet of retail space constructed with more on the way, and it’s clear the momentum of development isn’t slowing down any time soon.
Growing Development in Washington DC Real Estate
The rapid growth of development in the area is attracting national, local, and foreign investors eager to invest in Washington DC real estate. In 2014, City Center DC, a mixed-use development, brought over 1.5 million square feet of retail, office, and residential homes for sale to the downtown area. With the transformation of downtown, investors scooped up a large portion of the 674 residential units as secondary homes and potential future rentals. We are now seeing a similar move of clients investing in the PN Hoffman Wharf development in the Southwest Waterfront of Washington DC.
Investing with The Jenn Smira Team
With the influx of investors, it’s important to have savvy real estate agents on your side. Year-after-year, The Jenn Smira team has worked with clients in securing the right investment. We provide market data, sourcing of right property, knowledge of legalities, insight into potential tax implications and, of course, guidance in the contract contingency and negotiation process. When looking to invest in Washington DC real estate, you need to align yourself with Washington DC’s top realtors. Our team of experts is here to help you not only invest in Washington real estate, but to help you invest in a lifestyle.