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Best Neighborhood for New Residents

Washington, D.C.
Washington, D.C.
January 28, 2013 Bisnow
Best Neighborhood for New Residents

abdo

DC was named the second-best city in the US for job seekers, in arecent study. (Obama's cabinet, for example, has numerous new openings.) And asDC condo maven Jim Abdo tells us,young, smart professionals moving to the area are thinking urban when it comes to housing, as opposed to prior generations that viewed the suburbs as a residential dream. That's why neighborhoods like the H Street Corridor, Columbia Heights, and Logan Circle are usually tops on a DC newcomer's list, he says. Young pros are "savvy about public transportation," Jim adds, making urban locations close to Metro extra desirable. The aforementioned study, published last week by NerdWallet.com, ranks DC just behind Austin.

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Jim says that DC newbies want to feel like they've arrived, and "arriving is not living in the suburbs." Jim even goes as far to say that no neighborhood in the District is off-limits for residential development, mentioning that "as long as residents are moving in," every quadrant of the city is in play. (The long forgotten Westeast quadrant may finally get its day in the sun.)He believes they're willing to move to emerging urban environments like Brookland, where his 1M SF Monroe St. Marketplace (a JV with Bozzuto and Pritzker Property Group) will deliver later this year.

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