D.C. is one of the top cities for live-work-play apartments

A complete of 17,300 mixed-use flats have been accomplished in Washington, D.C., since 2012, per a report from RentCafe, a nationwide residence search web site.

Why it issues: The report discovered that rental communities that embrace residential, workplace, and retail area gained a foothold within the final decade, particularly because the pandemic heightened renters’ desire for having each day actions shut at hand.

Between the traces: D.C.’s propensity for brand new neighborhoods has led to the creation of so many live-work-play communities.

• One instance is CityRidge, the event close to Tenleytown that is dwelling to D.C.’s first Wegmans. The ten-acre growth combines flats, workplaces, retail, and eating places. 
• Areas common amongst D.C. millennials, similar to CityCenter and The Wharf, have additionally turn out to be high live-work-play locations.
• Buzzard Level is prone to be the subsequent such space with hundreds of recent flats deliberate as a part of a mixed-use mission for the Southwest neighborhood.

Zoom out: The variety of flats in “live-work-play” buildings nationwide has quadrupled from 10 years in the past, from 10,000 accomplished in 2012 to 43,700 in 2021, in response to Yardi Matrix knowledge.

What’s subsequent: The D.C. metro area is projected to see greater than 12,000 new flats this yr, in response to RentCafe.

The Washington space ranked ninth nationally for projected new residence building in 2022. Atlanta took the eighth spot and Los Angeles landed at ten. 

The underside line: Mixing various kinds of actual property is a technique cities are evolving within the period of distant and hybrid work.