CARVER / LANGSTON AND TRINIDAD

Submarket Statistics 2022 Recap

Trinidad and Carver/Langston have emerged as an affordable option and good investment opportunity for consumers pushed out from the city’s more expensive core. Abundant redevelopment drove the submarket to the highest new construction sales count of any submarket in DC in 2022. The average price per square foot was $477, a substantial discount from the city’s overall average of $664. The vast majority of new construction condos here are boutique redevelopments, though larger-scale construction is viable on Bladensburg Road where zoning is more permissive. One example is La Demuren Vue, a 45-unit building that accounted for 42% of the neighborhood’s settlements at $471 per square foot. Just off that corridor were The View, which closed ten units at $598 per square foot, and Ten19, which reached five sales and $514. The balance of sales derived from more than a dozen different boutique projects. The rental market is similarly populated by smaller buildings, with the exception of Union Heights, a 582-unit building that has not recovered from the pandemic exodus and remains less than 50% occupied.

In 2022 Trinidad and Carver/Langston had new construction settlements at over 15 different multi-unit buildings tracked by Urban Pace, more than any other submarket.