The retail real estate outlook for the Washington, D.C., is the best in the country, according to the 2010 National Retail Report by commercial real estate investment services firm Marcus & Millichap. Retail real estate will remain strongest around the D.C. metro's core--the heart of the federal governmant; however, tepid demand in outlying submarkets will limit marketwide improvements this year.
According to the firm's annual National Retail Index, a snapshot analysis that ranks 44 retail markets based on a series of 12-month forward-looking supply and demand indicators, Washington, D.C. claimed the top spot in this year's Index for the second year in a row due to a low vacancy rate and healthy job growth.
The country is in a recession, but Washington D.C. is obviously not.
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