Marx Realty Adds Immersive Gamebox to Historic DC Office Building
Immersive Gamebox has inked a 4,500-square-foot lease at The Grogan, a five-story office building in Washington, D.C.
Formula 1-themed entertainment concept coming to Union Market area
An adult arcade-centered eatertainment concept featuring Formula 1 racing simulators is coming to Northeast D.C., as part of a much larger, national expansion for London-based F1 Arcade.
EastBanc locks in pair of Italian home furnishing retailers for Georgetown’s Cady’s Alley
The leases are part of a larger flurry of deals that have helped lower Georgetown’s retail vacancy rate to around 13.5%, per Dochter & Alexander Retail Advisors, from nearly 18% during the worst of the Covid-19 pandemic.
New York City ice cream brand Van Leeuwen to open first location in Times Square
Van Leeuwen Ice Cream, which is known for its made-from-scratch dairy and vegan ice cream, has opened 17 stores in Manhattan and 24 in New York City.
Los Angeles Clothier Rails Replaces Vans in Georgetown
Los Angeles-based clothing brand Rails will open its first store in Washington, D.C., in Georgetown, according to EastBanc, who facilitated the deal on behalf of owner, the Alafoginis Family.
Tracking D.C.’s Bakery ‘Explosion’: What’s Behind The Rise Of The Region’s Tastiest Retail Trend
A few months into the pandemic, Jason and Yuri Oberbillig began selling Japanese and French-inspired pastries from a tiny counter at the front of Cleveland Park Italian restaurant Al Volo. The compact pop-up operation, SakuSaku Flakerie, allowed guests to order a coffee and pastry to go or bring their goodies to the serene patio behind the restaurant, well before the dinner crowd arrived.
CREBA Honors Top D.C. Brokers At Annual Awards Ceremony
Four hundred D.C. commercial real estate professionals came together Tuesday evening at The Ritz-Carlton in the West End to bestow honors to the top-performing brokers and most respected executives in the industry.
Member-Only Vet Clinic Parker & Ace Debuting in DC
Parker & Ace, a full-service, membership-based veterinary clinic, will open its first location in Washington, D.C., later this month. The clinic signed a 2,700-square-foot lease at 501 H Street NE with landlord Douglas Development, which acquired the property in 2013 for $5 million. At the time, the developer demolished an existing building and replaced it with a six-story, 22,165-square-foot mixed-use building with three levels of retail and 28 apartment units.
Georgetown Landlords Are Going Small To Stage A Big Comeback
After ceding ground to upstart neighborhoods, one of the oldest retail destinations in D.C. has mounted a comeback. Georgetown has seen retail vacancy fall by 7 percentage points since it peaked at 20% in the spring of 2021, according to Dochter & Alexander Retail Advisors. The submarket has roughly 1.6M SF of total retail space. Direct-to-consumer brands and smaller tenants looking for a prestige address to showcase their products are leading the charge, retail brokers in the area told Bisnow.
Retail Vacancy Tops 20% In Downtown D.C. While Suburban Storefronts Fill Up
Retail vacancies have begun to come down from their pandemic highs across the Metropolitan Washington region, but not in Downtown D.C. The District’s central business district’s vacancy has risen from 6.6% in winter 2020 to 20.7% this summer, according to new research by retail advisory firm Dochter & Alexander. The East End‘s vacancy rose from 9.2% to 21.2%. Combined, there is more than 800K SF of vacant high street retail in the heart of the nation’s capital. Those office-heavy areas are lagging behind the rest of the region, where high-street retail vacancy dropped overall vacancy rate to just over 14%, down from about 15.8% last fall.