Via WDCEP.As D.C.’s population continues to grow, albeit at a slower pace than a few years ago, developers are set to deliver approximately 12,000 residential units in the next 36 months.
Nowhere is this boom seen quite as clearly, a new development report from the Washington D.C. Economic Partnership shows, than the H Street NE corridor, where 1,238 new units are expected to be brought online by the end of 2016 and beginning of 2017. That’s on top of the 829 units built between 2007 and September 2014.
The number of groundbreakings, however, is steadily declining. From a peak 6,628 units in 2012, that number so far this year is 5,010. More than 6,900 residential units are expected to be completed this year.
Apartment units continue to shrink, according to the report, from around 850 square feet in the early 2000s to between 725 and 750 square feet today, excluding microunits. Read the report below.