Property Wanted

It’s a sellers market; quite simply, we have more buyers than we have sellers. Furthermore, the DC Metropolitan job growth rate continues to rise every year. That means workers, workers need housing, which means more land whether zoned for business or industrial, being turned into residential. This amounts to there being fewer places for commercial business to go and or expand; unless they build upwards instead of outwards, and zoning only allows you to go so many stories high. When quantities are low and demand is high, that equals higher property values. Until more land is made available, and the powers that be are working on that right now, commercial property values will continue to rise.

Now is the time to sell, as soon as more land is made available and or zoning maps are adjusted, property values will drop and the market will level out. If you want to sell high, sell now.