DC Will Have Almost 1 Million Residents by 2045
✉️ Want to forward this article? Click here.
Rendering of a new residential project planned for Union Market.
A new forecast for the region’s population reveals that there will likely be enough renters and buyers for all the new residential development being built around the District.
In its latest forecast, the Metropolitan Washington Council of Governments (COG) predicts that the Washington, DC population will increase to 987,000 residents by 2045.
story continues below
loading...story continues above
“The region’s central jurisdictions—the District of Columbia, Arlington County, and the City of Alexandria—will experience the fastest change in population growth by 2045,” the forecast stated. “These jurisdictions will grow by 42 percent, or nearly 436,000 people. The District of Columbia will experience the majority of that growth (315,000 people).”
Region-wide, the report forecasted that the area will add more than 1.5 million people and 1.1 million jobs over the next three decades, with over half of those jobs coming in the professional and business services sector.
COG Chairman Roger Berliner pointed out on Wednesday that the region’s increasing population means that infrastructure and funding issues related to the Metro transit system will need to be addressed, an issue that will be taken up at an invitation-only forum later this month.
This article originally published at https://dc.urbanturf.com/articles/blog/dc_will_have_almost_1_million_residents_by_2045/10970.
Most Popular... This Week • Last 30 Days • Ever
In this edition of First-Timer Primer, we look at the ins and outs of the 203k loan.... read »
The largest residential conversion planned in the neighborhood is continuing to move ... read »
Plans for the large new residential project are looking to get started again after mo... read »
The Wall Street Journal is reporting that Jeff Skoll has purchased two homes on nine ... read »
The residential pipeline in Adams Morgan has slowed in recent years, and now there ar... read »
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. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro