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


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:

An Investor's Guide To Government Shutdowns
am EDT| Observant investors are often on the lookout for potential market disruptions. One recurring event causing concern is a U.S. government shutdown. In fact, the U.S. Congress has the nation on...

What Financial Executives Should Expect In The Last Months Of 2023
am EDT| Omar Choucair, CFO, Trintech, has spent 20+ years leading financial and administrative organizations for public and private companies. The first half of 2023 was a rocky one for the U.S....

Disposable Income | Meaning, Importance, Tips, And Strategies
pm EDT| What Is Disposable Income? Disposable income is the amount left after subtracting taxes from your gross income. This metric is a vital indicator of your financial health. To calculate...

The Fed’s November Decision Hangs In The Balance
pm EDT| The U.S. Federal Reserve will next determine short-term interest rates on November 1. Fed Chair Jerome Powell has made it clear that decision will depend on the data. On the one hand, the...

Analysis: A messy government shutdown is the last thing the economy needs
New York CNN  —  It’s a delicate time for the American economy. The long-rumored recession has not arrived, and yet economic threats are everywhere. Oil prices are racing towards $100 a barrel,...

US consumer spending was much weaker in the second quarter than previously estimated
Washington, DC CNN  —  The Commerce Department’s final revision of second-quarter gross domestic...

US government shutdowns don’t send markets tanking, but the coast is far from clear
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...

US Manufacturing Contributes To Economy Same As 70 Years Ago
am EDT| Ivan Illan is Chief Investment Officer at AWAIM® and bestselling author of Success as a Financial Advisor For Dummies. It’s hard to believe that the U.S. manufacturing sector has remained...

Known Unknowns: Selling Intelligently In A Rapidly Changing Consumer Landscape
am EDT| CEO of Rallyware. Though the business community spent much of the first half of 2023 talking about a recession, it is no longer clear that one is in the offing. Quite the opposite, the...

Centene Layoffs Will See Health Insurance Provider Cut 2,000 Jobs
am EDT| Key Takeaways Healthcare provider Centene will be letting go of 2,000 staff, equating to around 3% of their workforce The cuts are being made to ensure the company remains profitable in...