Pennsylvania Avenue is Expensive
Posted by Mark Washburn on Friday, September 16, 2011 at 10:13 AM
By Mark Washburn / September 16, 2011
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MarketWatch recently ranked Pennsylvania Avenue as the fifth most expensive street in the nation for commercial rental rates. Rents on Pennsylvania Avenue, with great access to both the White House and Capitol Hill, are now averaging a whopping $80 SF. Pennsylvania Avenue only trails a couple of notable streets including Sand Hill Road in Menlo Park and Fifth Avenue in New York.
In the residential sector, Pennsylvania Avenue is also no slouch with several luxury condo buildings that command premium selling prices. Notable developments on this grand avenue include: 2501 Penn, Market Square East and Market Square West and the Pennsylvania Here is a resource to view active Pennsylvania Avenue real estate listings.
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