Local CRE Trends

Transfer and Recordation Taxes Changes:
Anne Arundel, Montgomery County, Maryland and the District of Columbia

View a short synopsis of 3 upcoming modifications to transfer/recordation taxes in the DMV

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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 #359 on the 2023 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, June 2023 ©2023 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Chicago 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 - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.


The Latest Articles From the FNF Newsdesk:

10 Reasons The Current Economic Climate Could Give Rise To The Best Generation Of Startup Founders
Click to save this article.You'll be asked to sign into your Forbes account.Nov 28, 2023,12:58pm EST As the Managing Partner of MGV, Marc Schröder is focused on working with world-class tech...

Don’t read too much into those Black Friday and Cyber Monday spending totals
...historically quite low and many consumers, particularly those who locked in low mortgage rates, are relatively insulated from high interest rates, he said. But that’s not to say that many other...

The Long And Winding Road: What The Fed’s Immovable 2% Inflation Target Means For Investors
Click to save this article.You'll be asked to sign into your Forbes account.Nov 28, 2023,07:45am EST George Mateyo is the Chief Investment Officer at Key Private Bank. The U.S. economy continues to...

Why investors are looking forward to 2024
New York CNN  —  It’s been a topsy-turvy year for markets, but the S&P 500 hit a four-month high last week and a growing chorus of analysts says that momentum will continue into 2024. A few of...

China will focus on ‘high-quality, sustainable growth,’ central bank chief says
...beneficial for the transition of China’s economic model.” Pan said the housing market, after decades of rapid expansion, is “in the middle of a major transformation.” Demand is still solid in...

Resilience and Reinvention: The Inspiring Journey of SRA 831(b) Admin
...on the U.S. economy. It led to months of evictions and foreclosures throughout the housing market, extended periods of unemployment and widespread layoffs, a plummeting stock market, and millions...

What Retailers’ Q3 2023 Results Tell Us About What To Expect In Q4
Click to save this article.You'll be asked to sign into your Forbes account.Nov 27, 2023,08:30am EST In the last two weeks, retailers from Abercrombie & Fitch ANF to URBN (paywall link) and many...

Javier Milei Needn’t ‘Dollarize’: Market Forces Have Done It for Him
Click to save this article.You'll be asked to sign into your Forbes account.Nov 26, 2023,10:00am EST The bolivar is the official currency of Venezuela, or its “legal tender,” but something north of...

American spending has kept the economy going since the pandemic. It may finally be stopping, in charts
...strong demand and a limited supply of new homes – even as mortgage rates have more than doubled in the past year – it now takes nearly 41% of the median household’s monthly income to afford the...