https://terringwanggroup.com/wp-content/uploads/2024/11/NOV10-Market-Update.mp4For the week ending November 10, the region saw 4,895 new listings, reflecting the typical seasonal slowdown in new inventory as the year progresses. However, new listings were still 6.6% higher compared to the same week last year, indicating that while the market is cooling slightly, it remains more active than in 2023....

https://terringwanggroup.com/wp-content/uploads/2024/11/NOV3-Market-Update.mp4 For the week ending November 3, the Mid-Atlantic region saw 5,462 new contracts, reflecting a 5.6% decrease compared to the previous week. Despite this decline, the number of pending contracts remains 3.9% higher than the same period last year, marking the ninth consecutive week of year-over-year increases. This indicates...

https://terringwanggroup.com/wp-content/uploads/2024/10/Commercial-Market-Update-web.mp4 The Washington region enjoys one of the highest median incomes in the nation, supporting a robust consumer base. The retail market remains tight, with an availability rate of 4.3%, the lowest since 2008, and annual asking rent growth at 3.6%, surpassing the 10-year average of 2.7%. However, due to a lack of new...

Akridge and National Real Estate Development have revealed the initial fitness and office additions to The Stacks in Washington, D.C.: Launch Workplaces, a provider of coworking and flexible office solutions, alongside a new community gym concept from Balance Gym and FLEX. Co-owned by Akridge, Bridge Investment Group, Blue Coast Capital, and institutional funds managed by National, the first phase...

https://terringwanggroup.com/wp-content/uploads/2024/10/Market-Update-27Oct-1.mp4For the week ending October 27, the Mid-Atlantic region saw 5,783 new contracts. With improved affordability this fall, new contracts are up 13.2% compared to the same week in 2023, and are noticeably higher than levels from 2022 as well.There has been a substantial increase in showings for the second consecutive week,...

The Peterson Companies have received approval to redevelop a former office site in Fair Lakes into a project featuring up to 380 new apartments, signaling an increase in residential development in the area. Fairfax County lawmakers unanimously approved the rezoning of the 4.4-acre parcel at 12801 Fair Lakes Parkway, previously occupied by the 1980s-era Parkway Woods office building, during their...

We would like to inform all residents that, effective October 1, 2024, the State of Maryland has implemented the new Renters’ Rights Stabilization Act of 2024 (RRSA). This significant legislation introduces key changes to rental agreements within the state, including the following provisions: 1. Lower Security Deposit Maximums: New limits have been established for security deposits, making renting more...

As Halloween approaches, Washington, D.C. is set to become a hub of festive activities, with bars and restaurants throughout the city hosting exciting pop-up events that celebrate the spooky and extravagant. These enchanting venues are offering immersive experiences that feature creative decor, themed menus, and captivating atmospheres. Whether you’re seeking Instagram-worthy moments, eerie vibes, or...

The nation's industrial market showed continued signs of slowing in the third quarter, extending a two-year cooling period following its pandemic boom. However, analysts suggest that the market may be nearing its bottom. Preliminary data from Savills reveals that the U.S. industrial vacancy rate reached 7.4% in Q3, marking a 350-basis-point increase from two years ago and representing the highest...

DC Metro had a median list price of $419,990 for the week ending October 13. The fall season usually sees consecutive declines as the market cools for the year, but there was a 2.1% increase from last week, bumping list prices 6.6% higher than the same week in 2023. Many buyers have returned to the market, keeping prices elevated for longer. There were 5,835 new purchase contracts in the...