Home | Newsletter | Advertise
loading...

$608,000 a Unit: The Most Interesting Statistics From DC's Development Report

  • November 13th 2013

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

$608,000 a Unit: The Most Interesting Statistics From DC's Development Report: Figure 1
Apartment project planned for 800 New Jersey Avenue SE

UrbanTurf recently received the 2013-2014 Washington DC Economic Partnership report and picked out the most interesting statistics and highlights when it comes to residential development in the city. (A few retail statistics are also sprinkled in.)

Here is a quick rundown:

  • DC currently has 60 large residential projects under construction for a total of 10,253 units.
  • The most active developer in the city (not limited to residential development) is The JBG Cos. with 18 projects either under construction or in the pipeline.
  • The most active architect is Shalom Baranes with 30 projects in the works.
  • There are 8 grocery stores currently under construction in the city.
  • The three biggest retailers slated to open in the next three years are all Walmart stores (if they happen).
  • The average rental rate in DC is $2,346 a month.
  • The biggest apartment sales last year (by unit price) were both on 14th Street NW. The District sold for $608,000 a unit, followed by 14W which sold for $480,519 a unit.
  • Eight of the ten biggest residential projects completed in 2013 were in Wards 5 or 6.

For the full report, click here. For more on the residential development on tap for DC and the region, check out UrbanTurf’s Pipeline.

This article originally published at https://dc.urbanturf.com/articles/blog/the_most_interesting_statistics_of_dcs_development_report/7816.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse