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By The Numbers: Georgetown
July 17, 2017
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
