DC's K street
WASHINGTON, DC—In a new report COMMERCIALCafé, a part of Yardi Systems, dissected the best states for Opportunity Zone investment. It used such indicators as GDP and population growth, number of eligible OZs, and poverty rates in each area, attributing points for each of these and calculating the total. The data for the indicators came from The US Census Bureau, the Bureau of Labor Statistics and the US Department of Treasury.
Yardi found that the District is the most attractive opportunity zone investment area on the East Coast and the third most attractive in the country, scoring 64 points.
According to the Office of the Deputy Mayor for Planning and Economic Development, DC's opportunity zones are in: Brightwood Park, Howard University, LeDroit Park, Pleasant Plains, ParkView Buzzard Point, Hill East, Congress Heights, Barry Farm, Poplar Point, Fort Stanton, Historic Anacostia, Fairlawn, Naylor Gardens, Fairfax Village, Hillcrest, Randle Highlands, Twining, Dupont Park, Central Northeast, Lincoln Heights, Deanwood, Northeast Boundary, Grant Park, Carver Langston, Brentwood, Edgewood, Kenilworth, Eastland Gardens, Mayfair, Parkside, Benning, Shepherd Park, Takoma, Congress Heights and Bellevue.
Overall, according to Yardi, the most attractive counties for OZ investment in the US are Travis, Texas, followed by Sacramento, CA.
Here are the complete top 20 opportunity zones.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
