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:

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.