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Metropolitan DC Local Politics
Reply to "The Pandemic Hit Cities Hard And Then There's Washington, DC"
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[quote=Anonymous]Lots of hand wringing over nothing. Let the market work it's magic - you'll see shrinking office footprints for individual organizations, a consolidation of office space, and conversion to residential. For example, office buildings closest to Dupont Circle and Mass Ave are prime candidates for conversion to residential given their proximity to other residential neighborhoods & amenities. If some of those are converted, existing office tenants will consolidate in more traditional office areas (K St, Metro Center). It's going to take a couple years for all of this to shake out. But it will happen. DC still has a shortage of residential units by tens of thousands of units. This city's housing supply has not kept up with demand. Once vaccines are available for kids, we will see a return to office. My prediction is January 2022 people start returning in large numbers for a few days per week.[/quote]
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