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The pace of industrial conversions and demolitions accelerates across the DC region

​Traditionally confined primarily to Washington DC, the trend of industrial conversions and demolitions has accelerated while spreading to Northern Virginia and to a lesser extent Suburban Maryland. By 2018, nearly 6.5 million square feet of product will have exited the Metro DC industrial market since 2000. The reduction in supply has partially contributed to the highest rent growth levels in more than a decade, with rents jumping 9.4% over the past 12 months.Ivy City, located along the New York Avenue Corridor of NE DC, continues to be a hotspot for industrial redevelopments. Adaptive reuses such as the former Hecht Warehouse to luxury apartments and retail are becoming more common. In addition, specialty uses such as distilleries and gyms have begun to displace industrial tenants like Washington Cash and Carry, who has been replaced by One Eight Distilling at 1135 Okie Street, NE. 

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