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Opportunity Zones: Their Impact on the Mid-Atlantic Commercial Real Estate Market

Opportunity Zones: Their Impact on the Mid-Atlantic Commercial Real Estate Market

March 2019
This white paper provides an overview of the Opportunity Zone program and its impact on the Mid-Atlantic commercial real estate market. Please click on the download link to access the full report.

Key findings of the report include:

  • The Opportunity Zone program has the potential to be an economic and development driver nationally, with increased investment in the commercial real estate market.
  • Due to favorable economic conditions, support from state and local governments, and shovel-ready development in newly designated Opportunity Zones, the Mid-Atlantic’s commercial real estate investment community is well positioned to capitalize on the Opportunity Zones program.
  • Opportunity Zones in or near growing neighborhoods of expanding cities are well positioned to benefit.
  • While the Washington metropolitan area has been developing rapidly over the past decade, investment sales data suggest that the Opportunity Zone legislation may have a more pronounced impact on the region than it has nationally.
  • Opportunity Zones are likely to attract a new and diverse set of investors willing to assume greater risk in previously underserved and underinvested emerging neighborhoods.

The report concludes with Opportunity Zone implications for Mid-Atlantic investors.