Is Wisconsin Avenue a "Corridor"? Not yet, in the sense of having nodes of walkable residential town centers strung together by fairly continuous commercial development. Few office tenants would think of White Flint, Maryland as a viable alternative to Bethesda or Chevy Chase, which are favored by retail, restaurants, proximity to D.C., nice public spaces, [...]

Delta Associates' year-end retail outlook is out, and it has some optimistic things to say about the local market: Washington-area residents already earn more than people anywhere else in the country, and are expected to just get richer.
Of course, we know there's a big difference between what District residents earn, vs. folks in the suburbs. [...]

Delta Associates is out with its 3rd Quarter Housing Outlook, and trends are mixed: Home prices and months of inventory are up, while sales volume has declined. But one of the more interesting stats, long term, is days on market. By this metric, the D.C. area is doing fantastic. Houses now spend an average of [...]

Delta Associates is dropping a ton of third-quarter housing market data today, and of particular interest is the firm's observations about renting vs. owning in the District:
The lingering for-sale housing downturn is readjusting the renter vs. owner ratio back toward historical norms—perhaps even overshooting the norm during this recession. Over the past two years, the [...]

Wooo numbers! Delta Associates is out with its mid-year reports, providing a pretty in-depth picture of the area office, condo, and apartment markets. Overall, things continue to steadily improve–unless you're looking to buy a home, of course. Here are some highlights:

Condo market:

New unit sales were up 62 percent over the last year.
Condo sales prices [...]

Tis the season for first-quarter market reports, and yesterday brought us Delta Associates’ snapshot of housing trends. The Business Journal already picked up on the clearest message the stats are sending: Housing demand is starting to outstrip supply. The Post also runs down some of the pricing and foreclosure numbers.
But one graph in particular caught [...]

A design rendering for "The Axiom," a long-stalled project now underway again.
According to Delta Associates' latest condo report, sales were up 34 percent in the Washington D.C. area in 2009. After years of buyers imagining the region as an abyss of empty condo buildings, this news could change people's mentality. The well isn't entirely dry, [...]

A recent study by Delta Associates already declared that the Washington D.C. area's recession ended in early 2009. That's when we hit our bottom, and after, we started our slow ascent, adding 40,400 new jobs since late January.
Now, the Greater Washington Board of Trade is reporting that 59 percent of regional business executives believe [...]

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Perhaps the first-time homebuyers credit—which was set to expire by Nov. 30, but now is being extended—has been good to D.C.'s condo market. It looks like for-sale condos are being snapped up around the city.
Last week, we heard that Union Row, the mammoth 14th Street complex with some 270 units, was nearly sold [...]

Delta Associates third quarter condo report was released yesterday, and the numbers look good—well, better than usual—for the District. I did not spot the term "condo glut" once. In the last few months, several projects were cancelled and a few were "reprogrammed," but Delta expects that demand will rise again soon here and across the [...]