Sponsored Post: Looking for a Loft in DC? 5 Things You Need to Know

  • May 26, 2010

by UrbanTurf Staff

Loft sold by Lance Horsley at 1701 Kalorama NW

Real estate agent Lance Horsley has made a business out of specializing in that most urban of real estate styles: the loft. Having represented buyers or sellers in hundreds of loft sales over the last eight years, Horsley has learned a thing or two about loft real estate in DC. For all you home buyers out there who hope to find that perfect post-industrial space with soaring ceilings, exposed ductwork, and a wide-open floor plan, here are five need-to-know tips direct from DC’s loft specialist.

#1 – Know Where To Look

Unlike other major cities in the U.S., there is no large concentrated warehouse district in Washington. “We just don’t have a SoHo,” explains Horsley. “So finding lofts is a bit difficult. You have to know where to look.”

The one exception is the so-called Mid-city Loft District, an area bounded by 14th, 15th, P, and Q Streets in Logan Circle, where one-time body shops have been converted into high-end loft spaces.

#2 – Old Schools & Churches

Over the years, DC’s developers have made up for the lack of livable industrial spaces by looking for alternative property types. “Schools and churches were the buildings that were abandoned in DC, so developers have gone into them and created some very cool lofts,” says Horsley. Examples include Landmark Lofts on H Street NE and Bryan School Lofts, Carbery School Lofts, and Lovejoy Lofts in Capitol Hill. Bishop’s Gate, a church-cum-loft space on 15th Street in Logan Circle, has 25-foot-high ceilings with stained glass.

Another loft sold by Horsley at 1445 Church Street NW

#3 – Expect to Pay a Premium

“Because they are usually unique properties and there aren’t that many available in DC, lofts tend to sell for more per-square-foot than typical condos,” says Horsley. A rough rule of thumb is that lofts command a 10 to 25 percent premium, but Horsley cautions that the exact amount ultimately depends on the unit.

“There’s always a premium for uniqueness, so the more wow-factor that you add, the more the premium. For example, when you have a vaulted ceiling that’s 40 feet high with stained glass windows, you just can’t compare that to a normal condo.”

#4 – They Get Snapped Up Quickly

Horsley says that, due to their limited number in DC, loft spaces frequently don’t even make it onto the open market before they are sold. And if they do come on the market, they sell very quickly.

“People looking for a loft in DC really need to get their ducks in a row and be prepared to move when they see a loft they like hit the market.”

#5 – Go With a Specialist

Given the tight supply and high demand for lofts in DC, you really need the help of an expert. There is no search category for lofts in the MLS, which means home buyers can’t just find lofts like they can single-family homes and condos.

“My clients come to me because I know every loft development in the area,” Horsley said. “If someone is looking for a loft here in DC, the quickest, easiest way is to get in touch with my team.”

The Lance Horsley Team


See other articles related to: sponsored articles, lofts, lance horsley, dclofts

This article originally published at http://dc.urbanturf.com/articles/blog/sponsored_post_looking_for_a_loft_in_dc_5_things_you_need_to_know/2097

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Looking to Give People A Reason to Stay Past 6pm
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Hitting Its Growth Spurt
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »


Profiles of 14 neighborhoods in suburban Maryland

Small-Town Living in the State Capital
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
DC’s Northern Neighborhood on the Cusp
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Fort Totten
Five Years Could Make a Big Difference
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Getting a Vibrancy of Its Own
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Not To Be Confused With Takoma Park
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

New Development Could Shake Up Pastoral Peace
A Little Bit of Country Just Inside the District’s Borders
Not to Be Confused With Bloomingdale
H Street
A Place To Party, and To Settle Down
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
Evolving from a Brand to a Neighborhood
Ripe for Investment Right About Now
The Difference 5 Years Makes
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 neighborhoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »

Upcoming Seminars ▾