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Washington's Real Estate Market and Economy Built Upon Educated Workforce
November 11, 2015
Washington's metro residents rate first in the nation: 50% of them have a bachelor's degree or higher. By generating higher incomes and, in turn, retail spending, higher education levels allow residents to create a continuous cycle that feeds the economy and boosts the commercial real estate market, Transwestern managing research director Elizabeth Norton says.
In fact, the Washington metro area takes the top spot for income and retail spending indicators, supporting demand for retail and flex-industrial properties. According to a survey by the Washington Metropolitan Council of Governments, the educated workforce also draws companies to the DC area, which boosts demand for offices.
