Home | Newsletter | Advertise
loading...

28 Million Square Feet: DC Development in 2019, By the Numbers

  • November 14th 2019

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A rendering of DC's City Ridge development.

The Washington DC Economic Partnership hosted its annual meeting today, so we decided to take a look at their newly-released annual report and pick out some of the most interesting statistics when it comes to development in the city this year.

  • $82,381 -- The median income for DC households, a 35 percent increase compared to 2010. By 2024, median income is projected to be $94,570.
  • 19,725 -- The number of 25-39 year-olds that moved to DC between 2015 and 2018. 
  • 28.4 million -- The number of square feet of development under construction in DC. Of that, 16.6 million square feet is residential, equating to 89 projects and 17,088 units.
  • $15.6 billion -- Taxable retail and restaurant sales in 2018, up 9 percent since 2017.
  • 42 -- The number of projects totaling 9.1 million square feet that delivered in the District as of August this year.
  • 10,912 -- The number of Class A apartments that delivered in the DC area between June 2018 and June 2019. 
  • 4,861 -- The number of Class A apartments that delivered in DC between June 2018 and June 2019. 
  • $2,487 -- The effective monthly rent for Class A apartments in DC. 
  • 60% -- The percentage of units to deliver in DC over the last decade that were one-bedrooms. 

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dc-development-in-2019-by-the-numbers/16137.

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