2 Markets Housing singlefamily Office Grocery Stores 3 Transportation Metrorail 4 Development 5 Development Activity Search tool Wards 7 amp 8 Wards 7 amp 8 Demographics Demographics ID: 636380
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Slide1Slide2
Wards 7 & 8
1) Demographics
2) Markets
Housing (single-family)
Office
Grocery Stores
3) Transportation
Metrorail
4) Development
5) Development Activity Search toolSlide3
Wards 7 & 8Slide4
Wards 7 & 8: DemographicsSlide5
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
Education
High 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%)Slide6
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 WardSlide7
Ward 7 & 8: Tapestry
SegmentationSlide8
Tapestry – City Strivers
> 75%
50 - 75%
25% - 49%
< 25%
HouseholdsSlide9
Tapestry Segmentation
45. City Strivers
Demographic
Residents 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. Slide10
Tapestry Segmentation
45. City
Strivers
Socioeconomic
The 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.Slide11
Tapestry Segmentation
45. City Strivers
Residential
City 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
.Slide12
Tapestry Segmentation
45. City Strivers
Preferences
The 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
.Slide13
Wards 7 & 8: Markets
Housing (single-family)
Office
Grocery StoresSlide14
Single Family Home (median sales $)
Source: NeighborhodInfoDC (via OTR)
Median Sale Price (2009 $),
thousands of $Slide15
Single Family Home (# of sales)
Source: NeighborhodInfoDC (via OTR)
# of salesSlide16
# 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 MarketSlide17
Two Challenges for Healthy Food in DC
Access
“Food deserts”, or areas with insufficient access to fresh food
Source: DC Office of Planning
More information on food deserts
at
www.wdcep.com/industry-initiatives/retail/grocery-storesSlide18
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
4Slide19
Major Grocery Stores
I-495Slide20
Capitol Gateway MarketplaceSlide21
Wards 7 & 8: TransportationSlide22
Ward 7 & 8: Transportation
*Fiscal Year 2010 (Annual Averages: July 09 - June 10); **avg. annual weekday volumes (2008)
Metrorail Access
Five DC Stations =
17,932
avg. weekday exits*
Traffic Counts
**
I-295 =
105,100
Pennsylvania Avenue =
50,400
Suitland Parkway =
44,200
East Capitol Street =
30,600Slide23
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
20,798Slide24
Wards 7 & 8: DevelopmentSlide25
Ward 7 & 8: Development
Cycle
(by total sq. ft.)
65%
Completed
(since 1/2001)
Under Construction
Pipeline
31%
5%Slide26
Pipeline
Under
Construction
Completed
(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
924,231137,26910,055$2.4 B20045,570,671
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 SummarySlide27
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 PipelineSlide28
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%Slide29
Office Development Pipeline
> 15 mm
10 – 15 mm
5 - 10 mm
< 5 mm
Office Sq. Ft.
Ward 7 & 8:
~11
mm sq. ft.Slide30
Residential Development Pipeline
> 10,000
7,500 – 10,000
5,000 – 7,500
2,500 – 5,000
< 2,500
Residential Units
~ 12,922
housing unitsSlide31
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.Slide32
Development Pipeline
SkylandSlide33
Ward 7: Development Potential
1. Parkside
3. East River Park
Fort
Mahan
Park
2. Minnesota & Benning
1
2
3Slide34
MLK Jr. Ave
Ward 8: Development Potential
I-295
I-295
MLK Jr. Ave.
1
~1 mile
2
3
4
5
10
2. Curtis/Four Points
~acres
1. Poplar Point
110
3. Barry Farm
37
4. St. E – West
176
5. St. E – East
173
Total
~520
6
6. Sheridan Station
13