Submarket Spring 2019 Book Spring 2019 Washington, DC Retail Observations | Page 10

BALLPARK
Demand Drivers
The Ballpark’s office market has historically been dominated by government contractors and the U.S.
Department of Transportation. However, the build-up and lease-up of the Wharf in Southwest has
triggered private-sector office tenants to tour the Ballpark due to similar connectivity to the riverfront and
growing amenity base. Skanska has attracted several non-profits and associations at 99 M, and across the
street at 80 M, WeWork planted a flag in the neighborhood, justifying the cool factor for the Ballpark. While
office activity has both picked up and diversified, the majority of construction in Ballpark is multifamily,
adding to the existing 4,500 multifamily units and driving the demand for casual restaurants and bars to
serve the residential population, which has one of the largest millennial concentrations in the District.
5,275 $79,780 32.9 23,022 4,620,829 s.f. 5,003
Population Median HH income Median age Daytime population Total office space Multifamily units
ANNOUNCED RETAIL OPENINGS
5 W A S H I N G TO N D C R E TA I L O B S ER VAT I O N S
1 District Dogs
2 Atlas Brew Works
3 Punch Bowl Social
4 Dacha
5 Circa
6 Wells Fargo
7 JPMorgan Chase