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s Donald Trump prepares to take office, Washington D.C.'s commercial real estate owners are bracing themselves for potential changes in the market. However, residential brokers see a different picture emerging. With a new administration comes an influx of government officials and industry leaders expected to settle in the district.
Kalorama is likely to remain a hotspot, as it has been home to high-profile residents like former President Barack Obama, Ivanka Trump, and Jeff Bezos. Massachusetts Heights is also expected to see activity. In contrast, Georgetown may not be as attractive to Trump allies, while Bethesda remains a popular choice for the wealthy outside of the city limits.
The residential market could still feel the impact of potential changes in the commercial sector. If Trump's policies lead to a reduction in federal jobs, it could decrease demand for homes and prompt existing owners to sell. Additionally, his affinity for Mar-a-Lago might encourage those seeking to be close to him to move to Florida instead.
Activity is already underway in Kalorama, with prominent figures like Chris Wallace listing their homes for sale. As the Trump administration takes shape, clarity on administrative posts will likely lead to significant transactions in the coming months.
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