Marisa M. Kashino
Marisa M. Kashino
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DC Apartment Rents Continue to Plummet Amid the Covid-19 Pandemic

DC Apartment Rents Continue to Plummet Amid the Covid-19 Pandemic

The 14th Street corridor in Logan Circle. Photograph by Ted Eytan/FLICKR.Washingtonian is keeping you up to date on the coronavirus around DC.The latest data evaluating Washington’s luxury apartment market shows the Covid-19 pandemic continues to seriously impact both rents and vacancies. On average, rents in the types of high-end, amenity-packed buildings that have proliferated in Washington are down 10.7 percent within the city of DC, and 7 percent metro area-wide, compared to the same time last year., an authority on local commercial real estate, released the findings this week in its...

October 23, 2020
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As Covid-19 Impacts Rents Across DC, Buzzard Point Gets Its First Luxury Apartment Building

As Covid-19 Impacts Rents Across DC, Buzzard Point Gets Its First Luxury Apartment Building

Photos courtesy of DDreps.Washingtonian is keeping you up to date on the coronavirus around DC.Even as the coronavirus crisis and vacancies to rise across DC, new luxury developments have continued to open. The latest to arrive is the first apartment building for Buzzard Point, the stretch of waterfront between the Wharf and Navy Yard that was, until recently, dominated by office buildings and industrial uses.Renters started moving into the , a few blocks from Audi Field, over the weekend. According to developer Norman Jemal, about 30 of the 453 apartments are leased, six of which are now...

August 4, 2020
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DC's Luxury Apartment Market Is Really Feeling the Effects of Covid-19

DC's Luxury Apartment Market Is Really Feeling the Effects of Covid-19

An apartment building on H Street, with its ground floor boarded up after Black Lives Matter protests in June. Photo by Marisa M. Kashino.Washingtonian is keeping you up to date on the coronavirus around DC.New data confirms what common sense probably already led you to suspect: Fewer people want to live in buildings with hundreds of other units—and which charge premiums for shared amenities like pools and gyms—during a public health crisis. Delta Associates, an authority on the local commercial real estate market, released the findings in its 2020 second quarter report, concluding: “The...

August 3, 2020
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