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By The Numbers: Georgetown

By The Numbers: Georgetown
The former Riggs Bank building, now PNC Bank, at the intersection of M Street and Wisconsin Avenue in Georgetown
  • Population: 31,200
  • Average Household Income: $149,300
  • Median Home Sale Price: $1M
  • 87.5% of residents have a bachelor's degree and 61% of those have a graduate degree
  • More than¬†300 shops and boutiques and over 120 restaurants
  • More than 50 salons, spas, gyms and yoga studios
  • Nine Metrobus routes, two Circulator routes, three major bike routes and six Capital Bikeshare stations
  • 3.4M SF of offices in 132 buildings
  • Office net absorption in 2016 was around 15K+ SF
  • Five office buildings transacted with a $163.5M total dollar volume in 2016
  • Over 700 hotel rooms
  • Average hotel occupancy rates in 2016 were 70% and hospitality revenue totaled $75.7M

CRE statistics courtesy of the Georgetown Business Improvement District