#WallStreet is Coming to #WashingtonDC! #finance #realestate #invest

The President has selected his cabinet and it is full of Wall Street corporate executives! If confirmed by the U.S. Senate, Wall Street corporate executives will head major Federal government agencies that affect finance, real estate, and corporate business in the U.S.A. The majority of his cabinet hails from Goldman Sachs, an American multinational finance company that specializes in global investment banking, investment management, securities, and other financial services. According to the Washington Post, Goldman Sachs has always been close to the seat of power in the Federal Government. We can only assume that Wall Street corporate executives will run the country the same way they run their corporations …

If the President takes up residence in the White House, his cabinet will move to Washington DC, or at least have homes in the area. Undoubtedly, high-end real estate prices will increase! Prices have already increased during the last few years, but we have not returned to pre-2008 prices. Wall Street corporate executives moving to the high-end areas of the Washington DC metropolitan area will apply upward pressure on prices, which is a positive for owners of real estate! Secretary of State, and former CEO of ExxonMobil, Rex Tillerson purchased a $5.6 million dollar home in the upper northwest Kalorama neighborhood.

Wall Street is Coming to Washington DC! #wallstreet #wallstreetstyle #wallstreetlife #washingtondc #nationscapital #districtofcolumbia #corporatelife #corporateworld #corporatefashion #corporateexecutive #corporateexecutives #realestate #commercialrealestate #commercialrealestatelife

A photo posted by Brenda’s Lunch (@brendaslunch) on Dec 30, 2016 at 7:23pm PST

We should also see increases in commercial real estate. Prices per square foot are less in Washington DC than in New York City. The commercial vacancy rate in downtown Washington DC is currently 11.2% but should shrink with loads of lawyers and corporate executives from Wall Street.

Wall Street is Coming to Washington DC! #wallstreet #wallstreetlife #wallstreetstyle #washingtondc #nationscapital #districtofcolumbia #businessdistrict #downtown #commercialrealestate #commercialrealestatelife #realestate #corporateexecutives #corporate #corporateworld #corporatelife #realestatelife

A photo posted by Brenda’s Lunch (@brendaslunch) on Dec 30, 2016 at 7:41pm PST

I believe that Wall Street corporate executives investing in the Washington DC real estate market is a big positive for the Washington Metropolitan region!

The opinions expressed herein are solely those of the Author/WebMaster. Before taking any action, please consult your real estate, financial, and legal advisors.