Gay Realty Watch: Washington, DC

Gay Washington DC Real EstateWe continue our look into local real estate markets with large gay and lesbian communities. Today, Washington DC, home of one of the largest per capita populations of gays and lesbians in the US, legal gay marriage, and as of last Tuesday, the new House Republican Majority. :::sigh:::

DC outpaces nation’s other metro areas in job growth‎ – The Washington area led the nation in employment growth with 56,000 new jobs created over the 12-month period that ended in September, according to federal government data released Wednesday. The gains were fueled by private-sector hiring and drove the region’s unemployment rate down three-tenths of a point from a year earlier, to 5.9 percent, according to the Bureau of Labor Statistics.

Southeast DC official building sells for $57 million at auction‎ – After back-and-forth bidding between two firms, a new office building at 100 M St. SE, near the Washington Nationals’ baseball stadium, sold for $57 million at auction last week, a further step in the unraveling of assets from one of the area’s biggest real estate bankruptcies. Opus East, an independent operating company of Minnesota-based Opus Corp., developed 100 M St. but filed for bankruptcy in July of last year with the building still more than half empty.

DC office space in high demand‎ – Demand for office space in the Washington region is among the top in the country, with asking rent in the District now the highest in the nation, according to a new report, but slowed development has skewed demand. The District reached its highest office demand in 10 years for the three months ending Sept. 30, and suburban Maryland posted nearly double its historical rate, according to a commercial real estate report from Cassidy Turley. Northern Virginia’s demand was equal to its 10-year quarterly average.’s-green-roof-boom/#mce_temp_url#‎ -Roofs are turning green all around the Washington DC area. Every year since 2005, Green Roofs for Healthy Cities (GRHC), a network of public and private organizations promoting the green roof industry, has performed ranked cities by total square footage of new green roof installations for their corporate members. And every year, Washington DC has been on the list. In 2006 DC had 301,751 square feet of green roofs, and by 2009 it was approaching two million square feet of green roofs. What’s behind this dramatic rise?

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