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Metropolitan DC Local Politics
Reply to "Wisconsin Ave Development Project"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm unconvinced that the demand for housing units for that area is actually there. Even City Ridge is not fully rented and it's closer in. And now IB is trying to sublet the HUGE office space so the eateries are struggling with low foot traffic. Having more development is welcome. Heard there is another Trader Joes planned for that stretch? [/quote] I seriously question the demand as well. Not sure DC will continue to grow in population. [/quote] DC's population rose nearly imperceptably in the latest Census estimate, but it was entirely due to new births and international migration. Domestic migration was a net negative, which is an extremely worrying sign. [/quote] As is this. If you click on the article it says that AU and Chevy Chase DC have few lowered prices but rest of city is concerning. [twitter]https://twitter.com/UrbanTurf_DC/status/1760740043793289532[/twitter] Right now rates are holding people, and some have hope for the recalls but it could really snowball. Guess we will see when the spring market picks up. [/quote]
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