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D.C. raises revenue estimate in the short-term, but shutdown and commercial real estate cloud the future | Washington Business Journal

September 29, 2023
  • D.C. Policy Center

On September 29, 2023, the D.C. Policy Center Executive Director Yesim Sayin was cited by the Washington Business Journal:

“Commercial property has always been the District’s workhorse … and these are the kinds of buildings that are increasingly under duress,” Yesim Sayin, executive director of the D.C. Policy Center, said at the chamber event. “Honestly, we just don’t have a very good idea of what commercial buildings are worth these days. That’s because we have not seen any sales. There have been a few distressed sales and transfers, just a handful of them in the past year, which show value declines of over 50%.”

Read more: D.C. raises revenue estimate in the short-term, but shutdown and commercial real estate cloud the future | Washington Business Journal

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D.C. Policy Center


Established in 2016, the D.C. Policy Center is a non-partisan research and policy organization committed to advancing policies for a strong and vibrant economy in the District of Columbia. Through rigorous research and collaboration, the D.C. Policy Center develops and tests policy ideas, disseminates its findings, and engages in constructive dialogue and debate.

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