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 Sasha, Real Estate Pro in WA,

What do you think about Penn Quarter (NW Washington, D.C.)

Asked by Sasha, WA, Wed Sep 12, 2007

I have been offered the opportunity to puchase a condo in Penn Quarter, which seems to be absolutely booming with commerce, restaurants, nightlife, etc. The price is good, I would say slightly below market for a beautiful new building. However, I am concerned about all of the new construction, and in particular the slow sales of some mammoth buildings just to the north, on Mass Ave. I am afraid these developers will cut prices and drive the price of my unit down. Thoughts from those who know the area are most welcome. Thank you in advance.

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