As new businesses and people have moved into Southwest D.C., the neighborhood has transitioned from a waterfront known for a historic fish market to one marked by shopping, pricey apartments and tourist attractions.
The neighborhood has also seen demographic change. Young professionals have moved into the area and household incomes have risen, according to data from the Washington, DC Economic Partnership. Home prices in the Southwest Waterfront neighborhood have gone up, from a median home value of $374,306 in 2012 to $585,068 in 2018.
People are drawn to the neighborhood’s new businesses and attractions. Since 2012, the population within a half-mile radius of Southwest’s commercial corridor has increased by 38.3 percent and is still growing.
Since 2012, the number of building permits issued for D.C.’s Neighborhood Cluster 9 — which includes the Southwest Employment Area, the Waterfront, Fort McNair and Buzzard Point — have risen by 145 percent. About 580 permits were obtained in 2012, compared to more than 1,400 in 2017, according to publicly available data from Open Data DC.