Reply to Downtown DC is a storefront ghost

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There's a big market for small cheap apartments in downtown DC. Well designed studios with plenty of built-ins of 300 sq feet that rent for $1500/month would be snapped up by tons of biz travelers, Hill interns, WB and IMF staff on short-term contracts, US and diplomatic staff on TDYs, someone who wants a pied-a-terre, etc. [/quote]
You people crack me up. Experts in everything apparently.

Residential housing is significantly costlier to build and rents for significantly less per square foot.

Using your example, the worst possible apartment in downtown nets 10x less monthly rent than commercial office space, which averages $50 per sq ft. [/quote]

The commercial office RE is not coming back. $50/sq foot is done. I am downtown 5 days/week and so many of the buildings and parking garages are dead empty, except for Wednesdays. If you have a current $$$$ office lease and its only bustling on Wednesday, you are looking to permanently downsize.

Better to rip the band aid off and get the land/structure productive again with housing, hotels, etc. No one wants to work in these giant office buildings. The labor market has spoken. [/quote]

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