Capital Retail Group  
keeping it retail

Archive for October, 2008

Retail Rent in Glover Park going Z’s way

Tuesday, October 14th, 2008

ZDC neighborhood retail rents have softened due to the slower economy. Z burger http://www.myspace.com/zburgerdc is taking advantage of reasonable retail rents in Glover Park http://en.wikipedia.org/wiki/Glover_Park. Next week, Z burger is opening a 2nd location at 2414 Wisconsin Avenue formerly an 800 square foot laundromat. The Z burger owners are paying $3,000 per month with no tenant allowance. At their own cost, Z burger did a complete rehab to the small 1 story building and added another 600 square feet effectivly reducing the per square foot rent from $45 to $26. 

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1401 14th Street NW 3rd Floor, Washington DC 20005    T: 202.319.2884    F: 202.315.3527  

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