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Wards 7 & 8

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Wards 7 & 8. 1) Demographics 2) Markets Housing (single-family) Office Grocery Stores 3) Transportation Metrorail 4) Development 5) Development Activity Search tool. Wards 7 & 8. Wards 7 & 8: Demographics. Demographics. Ward 7 + 8. DC. Comparison. Population Avg. HH Size - PowerPoint PPT Presentation
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March 2011
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Page 1: Wards 7 & 8

March 2011

Page 2: Wards 7 & 8

March 2011

Wards 7 & 81) Demographics

2) Markets• Housing (single-family)• Office• Grocery Stores

3) Transportation• Metrorail

4) Development

5) Development Activity Search tool

Page 3: Wards 7 & 8

March 2011

Wards 7 & 8

Page 4: Wards 7 & 8

March 2011

Wards 7 & 8: Demographics

Page 5: Wards 7 & 8

March 2011

Demographics

Source: ESRI, 2010 Projections; Education based on population 25+ years of age

Population

Avg. HH Size

HH Ownership

Median HH Income

Median HH Value

Median Age

EducationHigh School +

Bachelor’s Degree +

145,945

2.56

32.5%

$36,793

$249,864

31.6

79.3%

16.7%

Ward 7 + 8 DC Comparison

600,671

2.17

40.4%

$51,218

$387,674

35.9

86.1%

49.0%

24.3%

0.39

(7.9%)

($14,425)

($137,810)

(4.3)

(6.8%)

(32.3%)

Page 6: Wards 7 & 8

March 2011

ACS (2004-2009) DOES (2010)

Ward 1

Ward 2

Ward 3

Ward 4

Ward 5

Ward 6

Ward 7

Ward 8

7.2%

3.9%

3.4%

7.6%

13.2%

8.4%

18.7%

17.4%

8.5%

4.9%

2.6%

8.1%

13.2%

9.7%

16.7%

24.6%

Source: ACS (American Community Survey); DOES data from US Bureau of Labor Statistics (Annual Not Seasonally Adjusted)

Unemployment by Ward

Page 7: Wards 7 & 8

March 2011

Ward 7 & 8: Tapestry Segmentation

Page 8: Wards 7 & 8

March 2011

Tapestry – City Strivers

> 75%

50 - 75%

25% - 49%

< 25%

Households

Page 9: Wards 7 & 8

March 2011

Tapestry Segmentation45. City Strivers

DemographicResidents of this young, relatively diverse urban market have a median age of 32.4 years and a 68 percent mix of family types, such as married couples, single parents, and other families. Nearly eight in ten residents are black.

Page 10: Wards 7 & 8

March 2011

Tapestry Segmentation45. City Strivers

SocioeconomicThe median household income is $41,696; the median net worth is $18,104. Some households receive Supplemental Security Income or public assistance income. Education attainment levels are below those of the U.S.; approximately 43 percent of residents aged 25 years and older have attended college. The 18 percent rate of unemployment is more than twice the national level. Approximately half of employed residents work in the service and health care industry sectors in the city. Twenty-two percent of the residents who are employed are government workers, employed primarily by the local government. Approximately one in five works in an office/administrative support position.

Page 11: Wards 7 & 8

March 2011

Tapestry Segmentation45. City Strivers

ResidentialCity Strivers residents live in densely populated, settled neighborhoods of major metropolitan areas, especially in New York City & Chicago. The median home value is $261,271. Nearly two-thirds of the households are located in the Northeast, with smaller concentrations in other regions of the United States. Approximately two-thirds of the households rent apartments in older, multiunit buildings built before 1960. Small buildings with two to four units are more common in these neighborhoods. Because of their urban surroundings, many residents rely on public transportation; two in five households do not own a vehicle.

Page 12: Wards 7 & 8

March 2011

Tapestry Segmentation45. City Strivers

PreferencesThe rental homes in these neighborhoods are moderately equipped with the essentials. The high cost of living and rent lowers discretionary income. Many residents carry renter’s insurance. They shop at wholesale clubs for most of their groceries, baby products, and children’s essentials. They prefer accessible grocery stores such as Pathmark and Stop N Shop. A multitude of department and clothing stores is nearby. They eat fast-food at White Castle, Popeyes, Checkers, and Dunkin’ Donuts. Favorite stations include BET and cable movie channels such as Showtime, Cinemax, the Movie Channel, and Encore. They watch a lot of TV such as courtroom shows, talk shows, comedies, sci-fi, boxing, and prof. wrestling. They read music & bridal magazines and listen to urban, all-news, jazz, and variety radio. They attend prof. football & basketball games, go to the movies, take trips to Atlantic City, and visit theme parks such as Six Flags. They also play tennis and basketball.

Page 13: Wards 7 & 8

March 2011

Wards 7 & 8: Markets• Housing (single-family)• Office• Grocery Stores

Page 14: Wards 7 & 8

March 2011

Single Family Home (median sales $)

Source: NeighborhodInfoDC (via OTR)

Med

ian

Sal

e P

rice

(200

9 $)

, tho

usan

ds o

f $

Page 15: Wards 7 & 8

March 2011

Single Family Home (# of sales)

Source: NeighborhodInfoDC (via OTR)

1995 96 97 98 99 2000 01 02 03 04 05 06 07 08 20090

200

400

600

800

1000

1200

Ward 7 Ward 8 High

# of

sal

es

Page 16: Wards 7 & 8

March 2011

# Bldgs RBA (mm) Vacancy*

Ward 1

Ward 2

Ward 3

Ward 4

Ward 5

Ward 6

Ward 7

Ward 8

181

1,174

160

79

105

476

45

72

3.0

104.2

6.2

1.2

2.2

26.8

0.25

0.72

8.0%

10.3%

9.0%

15.8%

8.1%

14.3%

12.7%

6.6%

Source: CoStar 4Q 2010; *includes direct + sublet

Private Office Market

Page 17: Wards 7 & 8

March 2011

Two Challenges for Healthy Food in DC

Access “Food deserts”, or areas with

insufficient access to fresh food

%, Existing Grocery Stores

Wards (2002)Population in Food Desert

0 - 1011 - 5051 - 150151 - 450451 - 1000

Source: DC Office of Planning

More information on food deserts at www.wdcep.com/industry-initiatives/retail/grocery-stores

Page 18: Wards 7 & 8

March 2011

Existing Under Cons Pipeline*

Ward 1

Ward 2

Ward 3

Ward 4

Ward 5

Ward 6

Ward 7

Ward 8

7

8

11

3

3

7

4

3

1

1

1.5

3.5

3

1

1

Major Grocery Stores

*potential net new grocery stores in the next 5 years

Totals

7

9

11

4.5

7.5

10

5

4

Page 19: Wards 7 & 8

March 2011

Major Grocery Stores

I-495

Page 20: Wards 7 & 8

March 2011

Capitol Gateway Marketplace

Page 21: Wards 7 & 8

March 2011

Wards 7 & 8: Transportation

Page 22: Wards 7 & 8

March 2011

Ward 7 & 8: Transportation

*Fiscal Year 2010 (Annual Averages: July 09 - June 10); **avg. annual weekday volumes (2008)

Metrorail AccessFive DC Stations = 17,932 avg. weekday exits*

Traffic Counts**I-295 = 105,100Pennsylvania Avenue = 50,400Suitland Parkway = 44,200East Capitol Street = 30,600

Page 23: Wards 7 & 8

March 2011

Metrorail Usage*

*Fiscal Year 2010 (Annual Averages: July 09 - June 10); Weekday (M-F); Weekend (Sat + Sun)

Avg. Weekday Exits

Benning Road (7)

Deanwood (7)

Minnesota Avenue (7)

Anacostia (8)

Congress Heights (8)

Ward 7 & 8 Total

Capitol Heights (MD)

Southern Avenue (MD)

Totals

2,862

1,683

3,228

7,702

2,457

17,932

1,956

5,643

25,530

Avg. Weekend Exits

Benning Road (7)

Deanwood (7)

Minnesota Avenue (7)

Anacostia (8)

Congress Heights (8)

Ward 7 & 8 Total

Capitol Heights (MD)

Southern Avenue (MD)

Totals

2,787

1,353

2,849

6,595

2,164

15,749

1,561

3,488

20,798

Page 24: Wards 7 & 8

March 2011

Wards 7 & 8: Development

Page 25: Wards 7 & 8

March 2011

Ward 7 & 8: Development Cycle (by total sq. ft.)

65%

Completed (since 1/2001)

Under Construction Pipeline

31%

5%

Page 26: Wards 7 & 8

March 2011

PipelineUnder

ConstructionCompleted

(since 1/2001) TOTAL

# of Projects

Total SF

Education SF

Office SF

Retail SF

Residential Units

Est. Project Cost

68

29,422,070

630,290

11,002,678

1,717,382

12,992

$11.1 B

18

2,243,671

484,528

1,175,000

5,500

321

$1.6 B

114

13,904,930

746,697

924,231

137,269

10,055

$2.4 B

200

45,570,671

1,861,515

13,101,909

1,860,151

23,368

$15.1 B

*Projects have a minimum valuation of $5 million dollars – Fall 2010

Ward 7 + 8: Development Summary

Page 27: Wards 7 & 8

March 2011

No. of Projects

Total SF

Education SF

Office SF

Retail SF

Residential Units

Est. Project Cost

Ward 7+8 Pipeline

68

29,442,070

630,290

11,002,678

1,717,382

12,992

$11.1 B

20%

22%

31%

23%

25%

23%

26%

Development Pipeline

% of DC’s Pipeline

Page 28: Wards 7 & 8

March 2011

No. of Projects

Total SF

Office SF

Retail SF

Residential Units

Est. Project Cost

Fall 2010

68

29,442,070

11,002,678

1,717,382

12,992

$11.1 B

Ward 7+8 Development Pipeline

Fall 2006

49

19,880,798

6,674,292

879,989

8,803

$3.9 B

+ / -

19

9,541,272

4,328,386

837,393

4,189

$7.2 B

39%

48%

65%

95%

48%

185%

Page 29: Wards 7 & 8

March 2011

Office Development Pipeline

> 15 mm

10 – 15 mm 5 - 10 mm

< 5 mm

Office Sq. Ft.

Ward 7 & 8:~11 mm sq. ft.

Page 30: Wards 7 & 8

March 2011

Residential Development Pipeline

> 10,000

7,500 – 10,000 5,000 – 7,500

2,500 – 5,000

< 2,500

Residential Units

~ 12,922 housing units

Page 31: Wards 7 & 8

March 2011

Retail Development Pipeline

> 1,000 k

750 – 100 k 500 – 750 k

250 – 500 k

< 250k

Retail SF

Ward 7 & 8:~ 1.7 mm sq. ft.

Page 32: Wards 7 & 8

March 2011

Development Pipeline

Skyland

Page 33: Wards 7 & 8

March 2011

Ward 7: Development Potential

1. Parkside

3. East River Park

FortMahanPark

2. Minnesota & Benning

1

2

3

Page 34: Wards 7 & 8

March 2011

MLK

Jr. Ave

Ward 8: Development Potential

I-295

I-295

MLK

Jr. Ave.

1~1

mile

2

3

4

5

102. Curtis/Four Points

~acres1. Poplar Point 110

3. Barry Farm 37

4. St. E – West 176

5. St. E – East 173

Total ~520

6

6. Sheridan Station 13


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