DC is the Most Attractive Opportunity Zone on the East Coast
DC follows Travis, Texas and Sacramento, CA in a nationwide look by Yardi Matrix on Opportunity Zones.
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.
