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That Chipotle aside, the 2020 Census won't show off any trends that are based on events occurring in 2020 and beyond.
Most people would have submitted their Census forms in the spring or summer of 2020, so it's unlikely the supposed trend of people moving outside of urban areas as a result of the pandemic and/or civil unrest/crime would be baked into the figures.
So for what it's worth, D.C. could have had more people in 2020 than in 2010, but less people in summer 2021 than in summer 2019. It's not a contradiction itself. Whether it's the case I don't know, but the 2020 Census just isn't the instrument to find out.
That Chipotle aside, the 2020 Census won't show off any trends that are based on events occurring in 2020 and beyond.
Most people would have submitted their Census forms in the spring or summer of 2020, so it's unlikely the supposed trend of people moving outside of urban areas as a result of the pandemic and/or civil unrest/crime would be baked into the figures.
So for what it's worth, D.C. could have had more people in 2020 than in 2010, but less people in summer 2021 than in summer 2019. It's not a contradiction itself. Whether it's the case I don't know, but the 2020 Census just isn't the instrument to find out.
But certain people have been talking about this since 2010.
We do know lots of projects continue to begin construction or be announced throughout DC and surrounding urban areas. And Multifamily housing is exploding in DC & around the metropolitan area.
But certain people have been talking about this since 2010.
We do know lots of projects continue to begin construction or be announced throughout DC and surrounding urban areas. And Multifamily housing is exploding in DC & around the metropolitan area.
I think it's honestly too early to say what the mid to long term trend is going to be. Most of those projects were initiated well before summer 2020 and would already have contracts in place. It's understandable that developers would push through existing projects unless they ran out of funding.
There's a lot of businesses whose entire premise is based on growth in commercial and multifamily real estate. Those businesses will continue to act as if that growth is a safe assumption because quite frankly they would all cease to exist if that wasn't the case. I would think that many in the real estate industry and its attached sibling industries (construction, building technologies etc.) would rather crater as a result of a brutal correction than to stop believe in growth in this area. Growth has been around for too long, and is too ingrained in existing plans and financial gambits.
Perhaps the landlord wanted to go way up on rent and it was too much for them? I've seen this quite a bit in DC. Successful businesses but the landlord wants to go up like 11% in rent. The weird thing is that some of these locations go vacant for years. As a landlord, I'd rather have some kind of revenue than no revenue at all. Asian Spice downtown was always fairly busy but shut down abruptly. To me knowledge, the space is still vacant. Also, there is that very popular Irish pub that was in Chinatown that closed down. Not sure anything is there now, but last I knew it was vacant. The landlord wanted to go up on rent by double digits.
Actually that seems somewhat surprising to me. Conn Ave /M street was trending down pre-pandemic and has just been decimated by the duration of the pandemic/office work.
The two retail/restaurant zones in Downtown: Gallery Place/F street and this area have basically been vaporized by the pandemic. In recent months their have been some positive signs for Gallery Place. Retail is gone, but at least some fast casual and sports bars have announced plans to open. Conn Ave still seems dead in the water.
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