Did You Know That D.C. is a Hub for International Investors?

Here at Eng Gracia Properties, we have a systematic way of selling properties. One of the things we like to do is analyze information and data; along those lines, I have information on foreign investment in Washington, D.C. The job market in Washington, D.C. is terrific and it attracts many investors, both foreign and domestic. I happen to work with many investors here in Washington, D.C. that range from business owners to people working in professional capacities that have a little extra money and want to invest.

There are also larger organizations, like investment funds, that are pooling their resources and focusing on Washington, D.C. as one of the top markets in the country. For example, we have a large project downtown near our basketball arena called “CityCenterDC” and had actually stalled during the recession. Since then, the country of Qatar has funded almost $650 million to the project. If you read about Qatar and her priorities, one of the things they are focusing on is real estate in this country; with Washington, D.C. being one of the top areas of focus.

CityCenterDC is a project that will consist of high-end residential on top of high-end retail. Some of these apartments will fetch $1,000 per square foot; some of us are skeptical if there will be demand for them, but some are beginning to sell. There are model units available to be seen and visited if you are interested.

When you learn about Qatar, they are focusing on growth markets and markets that have a strong employment base. As I like to say, even if public opinion and congressional priorities shift and cause the size of government diminish, it would still be the number one employer on the planet. The good news is that Washington, D.C. has other elements producing a more well-rounded economy.

Initially, we saw many industries that sprouted and branched off of the government such as contracting and hospitality. However, we are seeing the emergence of new industries ranging from Biotech to National Security. This is sparking the interest of Qatar along with the influx of young professionals moving to D.C. Even during the downturn, D.C. saw increases in career opportunities.

When looking at a market in which you would like to invest, there are many elements that a person should analyze. Within that information, 50-70% of that information is related to the health of the employment base. If you have any desire to learn more about investing in D.C., don’t hesitate to contact us.

Thanks and have a great day!

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