1.NeighborhoodProfiles 2013DC

2. The Washington, DCEconomic Partnership wouldlike to acknowledge our sponsors whose continuedfinancial support has made the DC NeighborhoodProfiles 2013 possible. 2013 Washington, DC Economic PartnershipVincent C. Gray, MayorPUBLICSECTORPARTNERSPRIVATESECTORPARTNERS 3. The District of Columbia has been experiencing an urbanrenewal for the past 16 years, with billions of dollars in newinvestments in its downtown, neighborhoods and alongits waterfront. These developments along with new retail,restaurants and entertainment options have resulted inbillions of public and private sector investment.Over the past three years DCs population has increased by more than 40,000 people. Fuelingthis growth has been young professionals who are attracted to DCs revitalized neighborhoods,unique retail and restaurant offerings, strong economy and various transportation options. WithMetrorail, DC Circulator, Zipcar, Metro bus and the expanding Capital Bikeshare program manyresidents do not need to own a car and thus have more disposable income.DCs Population Has Increased By More Than 40,000 People since 2009592,228580,236574,404570,681567,13620122011201020092008200720062005604,453619,020632,323Source: Census40,000+population increase overthe past 3 years11.3Mretail SF under construction2#1DC metro area is thestrongest economyin the U.S.3#7most walkable city in the U.S.4District of Columbia 4. With only 8.0 square feet per capita of shopping center space5(compared to 23.8 squarefeet nationally6) in DC, there is an estimated retail leakage of $1 billion annually7. In addition,with a daytime population of more than one million people and 17.9 million annual visitorswho spend more than $6.0 billion8, investors and developers have been building new retailcenters to meet this unmet demand. Since 2001, 4.8 million square feet has been built withanother 1.3 million square feet under construction as of 1Q 2013.Top 10 Retail Projects Under ConstructionNeighborhood Retail Sq. Ft. DeliveryCityCenterDC Downtown DC (17) 184,700 4Q 2013Walmart on Georgia Avenue Georgia Avenue/Brightwood (23) 106,000 4Q 2013CityMarket at O Street Shaw (45) 87,000 4Q 201377 H NoMa (36) 86,000 4Q 2013Monroe Street Market Brookland (7) 57,000 4Q 2013Louis at 14th/U 14th & U Streets/MidCity (1) 44,000 1Q 2014Twelve12 Capitol Riverfront (9) 88,000 2Q 2014Petworth Safeway Petworth/Park View (42) 62,000 3Q 2014Cathedral Commons Cleveland Park (13) 125,000 3Q 2014Fort Totten Square Fort Totten (21) 130,000 4Q 2014DCs population growth and public and private investments can be experienced throughoutthe City. National accolades have followed with several neighborhoods being recognizedas great places to live and visit.Adams Morgan & U Street was named one of the top 12 ArtPlaces in America9Columbia Heights/11th Street named Washingtons hippest new strip10U Street named one of the Great Streets in the U.S.11H Street, NE chosen as one of the 10 Great Urban Neighborhoods12The Capitol Riverfronts Yards Park was voted a top 20 Public Spaces in the UnitedStates and Canada13H Street, NE selected as the 6th Best Hipster Neighborhood14Columbia Heights was named one of the 10 best development projects in the Americas15H Street Main Street (2013) and Barracks Row Main Street (2005) received theNational Trust for Historic Preservations Great American Main Street Award for theirrevitalization efforts16With thousands of new residents, new grocery stores and restaurants, neighborhoods suchas Capitol Riverfront, Mount Vernon Triangle and NoMa have transitioned from emergingto established mixed-use districts. Corridors such as 7th and F Streets in Downtown DC,14th & U Streets/MidCity as well as H Street, NE are re-establishing their historical statusas shopping and entertainment destinations. And with the commitments of anchor tenantssuch as Costco and Walmart, projects such as the Shops at Dakota Crossing, SkylandTown Center and Capitol Gateway Marketplace will create additional opportunities forrestaurants and local retailers.For more information on DCs neighborhoods, incentives and resources available toretailers please continue reading the Washington, DC Economic Partnerships DCNeighborhood Profiles. These profiles offer a concise overview of 50 neighborhoods andcommercial corridors. They provide detailed demographic information, resources, mapsand the latest neighborhood updates to help retailers and related parties identify newinvestment opportunities.Sources: 1. Census 2. WDCEP (1Q 2013) 3. POLICOM (April 2013) 4. Walkscore.com (April 2013) 5. Delta Associates (4Q 2012) 6. ICSC (2012) 7. Social CompactDrillDown (2007) 8. DestinationDC (2011) 9. ArtPlace (2013) 10. New York Times (2011) 11. American Planning Association (2011) 12. USA Today (2011)13. Planetizen (2011) 14. Forbes (2012) 15. ULI (2010) 16. National Trust for Historic PreservationPopulation DCPopulation1632,323Male 47.3%Female 52.7%High School Graduate2+ 85.5%Bachelors Degree2+ 47.1%Graduate/Prof. Degree219.0%HouseholdsHouseholds (HH) 273,186Average HH Size 2.1Owner-occupied 41.2%Renter-occupied 58.8%Median Home Value $390,365IncomeAverage HH $89,395Median HH $59,100HH Income