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Article: Federal spending impacts D.C.'s suburban and downtown markets. (Washington D.C.'s construction markets)
- Article from:
- Building Design & Construction
- Article date:
- June 1, 1991
CopyrightCOPYRIGHT 1991 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Washington, D.C., throughout the 1980s was one of the strongest growth areas in the country, primarily because of a stronger national economy and the diversification of the local economy, according to a Grubb & Ellis' report, Washington, D.C., Metropolitan Office Market 1991. However, the area's economy showed little growth - in population, jobs or income - during 1990, with that lack of growth being consistent with the nation's overall economic decline.
While its situation in the seat of national government has often protected Washington's real estate market from major fluctuations, Grubb & Ellis expects that a decline in federal spending and the diversification ...
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