With the office vacancy rate at around 11.4%, owners of older buildings may face a choice: upgrade to current standards to compete or convert to residential use
Thu, Jan 18, 2018 - 5:50 AM
Row houses at Jefferson Place and 19th Street NW, which are among the few residential units in downtown Washington's business district. To encourage conversions, the district council is considering a bill that would enable a "Manhattanising of the District of Columbia".
IN a 43-square-block portion of the booming central business district here are just 23 residential units, condos in a row of four late-19th century town homes on Jefferson Place, just south of Dupont Circle.
It is a minuscule number compared to the 33 million square feet...