Georgetown posts a 7.3% storefront vacancy rate across 475 storefronts, with the majority of available space sitting along M Street. In 2018 more than 50% of these vacant spaces have undergone, or are undergoing, renovation due to open dialogue between residents and landowners. As landlords begin to renovate spaces to accommodate different users and offer more flexible and economically advantageous lease terms, leasing activity will grow and diversify.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
