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Very good article. Personally I love DT SS and am planning on moving there sometime this year. I recently did similar, but somewhat less in depth, research over the holidays (examined rents, floorplans, and reviews for literally every apartment building in downtown SS)

It's worth noting that the "luxury development" theme is the norm in Montgomery County, since no matter where you look, from Germantown to SS to Bethesda, nearly every single non-subsidized residential project under construction or recently built in MC is marketed as "luxury." Also, in sharp contrast to the burgeoning rental market, the new market, in Silver Spring and this region of the country on a whole, is pretty much dead.

Hopefully, the residential developers don't overbuild and flood the market with empty units. While this may be good for rent, it'll throw the market into stagnation. At the same time, with all the current and planned amenities (new civic center, library, Fillmore, purple line, transit center, etc.) in Silver Spring, and the trend of rapid urban growth there's a good chance of vacancy rates staying low.

An (unfinished) map of new and upcoming development in suburban MD: Urban MD Development

by King Terrapin on Jan 28, 2013 2:32 pm • linkreport

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