Wednesday, June 3rd, 2020
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Photo: Realtor.com, Mitchell Layton/Getty Images
Former Washington Nationals infielder Daniel Murphy has put his Alexandria, VA, home on the market for $1.6 million.
In late 2013, an older home on the oversized lot was purchased for $435,000. It was razed in favor of this modern twist on a Craftsman-style home completed in 2016.
The spec build went on the market for $1.5 million in February 2016, and was snapped up by the slugging infielder within a week at that price.
Located in the quiet neighborhood of Wellington Estates, Murphy’s Virginia home features five bedrooms, 4.5 bathrooms, and over 5,000 square feet of living space.
From the front of the home, curb appeal is readily apparent, thanks to the remarkable wraparound porch. As you enter the dwelling, the wide-open spaces
Retail rents are likely to decline by 5.5% in 2020, as discretionary retailers like apparel stores, specialty shops as well as dining establishments have been pummeled by the COVID-19 pandemic, according to a new report from JLL.
The company’s analysis pointed to a clear bifurcation in the retail market, where essential retailers, led by grocery stores, thrived in the first part of 2020, while non-essential retailers saw plunging sales thanks to mandatory closure orders.
As a consequence, JLL’s “moderate” forecast anticipates that rents will drop more than one point below the 4.4% decline that marked the nadir of rents in the Great Recession.
If consumer confidence and retail sales rebound faster than anticipated, the company projects a 2.1% dip, while a more severe disruption would lead to a 7.1% drop. But JLL is optimistic that retail rents will recover and become positive by 2022.
Vacancies have also increased across the