DC Leads in Pipeline Development Survey

WASHINGTON, DC-The DC real estate community can get comfort from the area’s position in one alternative measure of industry-related activity. The Environmental Data Resources ScoreKeeper State of the Market Report finds that DC posted significant growth in the number of environmental site assessments in Q3–amid a general 17% decline across the United States in general.

Phase I environmental site assessments are a standard pre-closing activity for many commercial real estate transactions, EDR notes–thus its data can be considered a leading indicator of the general health of the real estate market. The caveat to this derivation is that Phase I environmental site assessments are also conducted for foreclosures. To examine DC, therefore, two factors come into play: