Commercial Properties Stats
| Average Price | $3.3M |
|---|---|
| Lowest Price | $1M |
| Highest Price | $20M |
| Total Listings | 218 |
| Avg. Price/SQFT | $532 |
Property Types (active listings)
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More About Commercial Properties in Washington Metro
Commercial properties serve a multitude of purposes, and as a result, you’ll see a lot of variety on the DC Luxury Collection page. Whether it’s a mini mall in suburbia or what simply looks like Federal-style historic mansion in the heart of urban Washington, the interpretation of what is commercial and what is not, often lies in the byzantine nature of different zoning rules and permits in different neighborhoods. As a result, you’ll want to do your due diligence when mapping out your dream business, especially if you’re looking for multipurpose use, such as a ground floor business and upstairs living quarters.
Commercial real estate in Washington, DC, as well as the larger metropolitan region, has long been viewed as a reliable investment. But there are always mitigating circumstances, some of which would ordinarily not be expected. Such was the case during the pandemic period when a sizeable portion of the office workforce began doing their jobs remotely.
Therefore, office space leasing and tenancy began to stagnate. As the pandemic eased, workers began returning to those towers and buildings, but the effect had still been felt. The flip side to office vacancies of course, is soaring apartment rental rates, and apartments have long been a profitable backbone of commercial real estate.
With businesses reopening and the economy on the rebound, the long term growth phase of commercial properties in Washington Metro began its inevitable rebound. And there is always the adage that one businessperson’s woes can be another’s opportunity. Property prices will ebb and flow during specific periods of time but generational real estate values trend upward. Adaptability is also key to success and the DC Metro region is known for its resilience as well as commercial properties in an exceptionally wide variety of sizes, styles, ages, and locations.
To learn more about commercial properties, call Andre Perez at District Partners at Compass, 202-929-3600.
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Get in touchCommercial Properties in DC Metro FAQs
Q: Can a residence and a commercial property be one and the same in Washington Metro?
A: That depends entirely on zoning and permit rules in individual locales.
Q: Are commercial properties protected in historic districts protected in the same was as residential buildings?
A: The inclusion of a property in a historic district is typically determined by a careful evaluation that can include age and architectural significance, regardless of whether the subject is commercial or residential.
Q: Are commercial properties always businesses?
A: It depends how you define business. Commercial properties are generally regarded as those intended to yield a profit, including apartment buildings that generate rental income.
