All doctors and patients will have been moved from Walter Reed in DC to Bethesda and Ft. Belvoir by tomorrow. Naturally this will have both immediate and long term real estate/ business ramifications for the impacted areas. In Bethesda we are already seeing a spike in housing demand (both rental and sales) and in time DC will see a large plot of land transformed. This article has some interesting details (more on the DC side) and it would be nice to get some feedback from our local Bethesda community regarding this transition. What are you noticing?
This morning someone sent me an article from the NYT discussing why the DC Metro area real estate market was so strong. There are many good points in the piece and it is worth reading/ taking another look. There is one paragraph in particular that seemed worth highlighting:
“Finally, greater D.C.’s housing market has benefited from its many great mixed-used, walkable neighborhoods, which continue to command a premium even in today’s housing market. Some of the old ones in the city — Georgetown and Dupont Circle, Logan Circle and the U Street Corridor – are well known. But many others, both in the inner-ring suburbs like Alexandria and Arlington, Bethesda and Silver Spring, and even further out in Tyson’s Corner, Virginia and Columbia, Md. – are showing the world the way to rebuild denser, more vibrant suburbs, which attract people and command higher prices.”
It was nice to see our home town referred to so postively in the piece. Of course this is nothing we don’t already know but thought it was worth flagging for you.
As ever, please do not hesitate to get in touch if I can help you with any real estate matter. Best way to reach me is email rajlaw@yahoo.com – cheers!
Friends — this is a super deal from Living Social for 5 dance classes in Bethesda. Check it out and join me on the dance floor (yes it will happen!!).






