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Open House Blog > The Real Estate Market

The Week in Real Estate

Every Friday, we round up the week’s real-estate news and gossip.

• The New York Times called the NoMa neighborhood, “Washington’s newest and hottest commercial neighborhood.” It also noted, however, that “NoMa has 836,000 square feet of vacant office space” and the number may soon increase as more buildings in the area near completion. [NYT]

• According to a national survey, most real estate agents don’t think the real estate market will recover until 2010. The survey also revealed that most think foreign investments will drive the market in the coming years. [WBJ]

• A $73 million apartment building is planned for the intersection of Glebe Road and I-395 in Shirlington. The building will feature 217 units, 20 of which are slated to be affordable housing. [Bisnow]

• A number of local art galleries are trying to reopen the Dupont Undergound as an exhibition space. Originally built as part of the city’s streetcar initiative, the space has been vacant for more than 40 years. [Dcist]

• Earlier today, we reported that Evermay, a mansion sitting on three-and-a-half acres of prime real estate in Georgetown, is on the market for $49 million. [Open House]

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