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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]

153 of 166 apartments at the Elle at 20th and L - which is scheduled to open this summer (https://www.prnewswire.com/news-releases/first-large-scale-office-to-residential-conversion-in-dcs-downtown-nears-completion-302085578.html) - are still available. If these apartments don't rent, I wouldn't bank on too many developers undertaking similar conversions.[/quote]

The building doesn't open until July. No sh#t they are not rented yet.

Did you read the New Yorker article above? It takes the developer 6 months to rent out a converted building. I will expect the same at The Elle, as new people arrive to DC by September.

TBH, the Elle should offer rental of furniture packages. [/quote]

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