Local CRE Trends

Fidelity National Financial, Inc. proudly ranked the #2 most trusted company in the insurance industry by Newsweek.
 
Click to view list: Most-Trustworthy-Companies-America-2023




Discover What’s New and Interesting in Our Backyard

As the nation’s capital, Washington, D.C. is steeped in history and is renowned for its distinctive character: it is at once an epicenter of politics, world-class tourist destination, working federal city and home to more than 672,000 residents.

The Washington metropolitan area, which includes “the District” and parts of Maryland, Virginia and West Virginia, is home to approximately 6.1 million residents and is the sixth-largest metropolitan area in the United States. As a major international hub for government, big business and tourism, our nation’s capital and its surrounding states feature some of the most dynamic and complex commercial real estate in the country.

Washington, D.C. has been experiencing an urban renewal for the past two decades, with billions in new investments in its downtown area, nearby neighborhoods and waterfront area. Investment in new retail, restaurants, and entertainment options have resulted in a population surge, according to the Washington DC Economic Partnership (WDCEP). The D.C. population has increased by 9 percent since 2010, and retail construction is on the rise to meet the population demand, with 1.9 million retail square footage under construction, according to WDCEP.

The area’s diverse economy creates unique opportunities for commercial real estate development. In May 2017, Washington, D.C. was named #6 on the IESE Cities in Motion Index, which ranks the world’s “smartest” cities analyzing their level of development in 10 key areas: governance, urban planning, public management, technology, the environment, international outreach, social cohesion, mobility and transportation, human capital and the economy. Easy access to lawmakers, close proximity to cybersecurity investment dollars, and a number of smart initiatives help to strengthen the commercial real estate market.

Commercial real estate construction remains at a fevered pace, the most since 2008, according to global real estate services firm Colliers International, with just over half of the space already committed after the first quarter of 2017.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #238 on the 2022 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our DC-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*"FORTUNE®" and "FORTUNE 500®" are registered trademarks of Time Inc. From FORTUNE Magazine, May 2022 ©2022 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Fidelity National Title Insurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters that collectively issue more title insurance policies than any other title company in the United States.


The Latest Articles From the FNF Newsdesk:

Erdoganomics
What happens when you throw the conventional economics textbook out the window? We turn to Turkey to find out. Inflation in Turkey is currently around 40%. Unlike in the U.S., where the...

The Debt Crisis That Wasn’t: The New Normal That’s Spooking Consumers
If you believe the headlines, the world narrowly avoided a disaster when Congress agreed to raise the limit on the nation’s indebtedness at the eleventh hour. In his victory-lap speech, President...

They said we were getting a recession. Instead, we’re getting a bull market
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the...

Freight drivers feel the flip-flop
Breaker, breaker! There's an alligator up ahead smokin' the brakes on the freight industry. That's what the winning entry of our latest Beigie Award tells us. What is the Beigie Award, you ask? It's...

Congress agrees on debt ceiling increase, narrowly avoiding massive interest rate increase
...dominoes of default — rising Treasury bond rates, declining stock markets, rising mortgage rates — begin to fall, lending to small businesses and consumers will constrict,” read the report. Interest...

5 Benefits Of A Growing Middle Class
Historically, a nation’s middle class has been representative of its overall economic health. A growing mid-income segment typically signals higher levels of wealth and wellbeing. It also can support...

How Automation Can Turn Recession Challenges Into Opportunities
Mohit Sharma, Founder & Executive Chairman, - Hyperautomation advisory and implementation firm. Global economic downturns have always had a lasting impact on the world economy. With unemployment...

What does TINA mean in investing?
In investing, TINA is an acronym that stands for “there is no alternative.” It may sound like it describes a doomsday scenario, but it’s just a shorthand for one particular strategy among investors....

United Airlines CEO touts airline’s performance, says it’s prepared for economic downturn

The case for a 2023 US recession is crumbling
New York CNN  —  Many CEOs, investors and economists had penciled in 2023 as the year when a recession would hit the American economy. The thinking was that the US economy would grind to a halt...