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Washington, D.C.

Primary Office Markets

     
Washington, D.C. 142,468,831 sq/ft  
     
Downtown / CBD 41,462,389 sq/ft  
Capitol Hill / NoMa 16,429,184 sq/ft  
East End1 46,318,725 sq/ft  
Georgetown 3,908,263 sq/ft  
Southwest / Navy Yard / Riverfront 17,597,843 sq/ft  
Uptown 10,777,510 sq/ft  
West End 4,299,671 sq/ft  
     
1 Includes areas east of 15th street NW including Gallery Place Chinatown / Penn Quarter / Mt. Vernon Sq / Judiciary Sq and portions of K St

Notable Independent Companies

 
Independent Public Headquarter Companies
             
    location   Symbol   Market Cap
             
Danaher Corporation   Downtown   (DHR)    
Fannie Mae ( Federal National Mortgage Association )   West End   (FNMA)    
Pepco Holdings, Inc   East End   (POM)    
The Washington Post Company   Downtown   (WPO)    
Pepco Holdings, Inc   East End   (POM)    

Taxes

     
    Washington, D.C.
Corporate Income Tax   9.975%1
 
Unincorporated Business Franchise Tax   9.975%2
 
Personal Income Tax   4.0% - 8.5%3
 
Sales & Use Tax   6.0%4
 
Business Personal Property Tax   $3.405
 
Real Property Tax   $0.856
 
1Net income of corporations having nexus in the District. All corporations engaging in a trade, business or profession in the District of Columbia must register. a 9.5% base rate plus a 5% surtax on the base rate. $100 minimum tax

2 Net income of unincorporated businesses with gross receipts more than $12,000. A 30% salary allowance for owners and a $5,000 exemption are deductible from net income to arrive at taxable income.

A business is exempt if more than 80% of gross income is derived from personal services rendered by the members of the entity and capital is not a material income-producing factor. A trade, business or professional organization that by law, customs or ethics cannot be incorporated is exempt.

3 The taxable income of an individual who is domiciled in the District at any time during the tax year, or who maintains an abode in the District for 183 or more days during the year. First $10,000 = 4.0%, $10,000 < $40,000 = $400 + 6.0% of excess above $10,000, More than $40,000 = $2,200 + 8.5% of excess above $40,000. Note: Excludes Social Security income and maximum $3,000 exclusion on military retired pay, pension income, or annuity income from DC or federal government.

4 14.5% - Hotels (transient accommodations), 12% - Parking motor vehicles in commercial lots

 

Demographics

       
Population      
601,723      
 
Median household income (in 2009 inflation-adjusted dollars)      
$59,290      
 
Per capita income (in 2009 inflation-adjusted dollars)      
$40,797      
 
Housing units      
296,719      
 
Private Sector Jobs (March 2011)      
463,900      
 
Private Sector Establishments      
21,156      
 
Total civilian labor force (March 2011)      
334,400      
 
Residents commuting outside the county to work (2007-2009)      
199,786 (49.9%)      
SOURCES: U.S. Census Bureau, 2010 Census, 2009 American Community Survey 1-Year Estimates. Maryland Department of Business and Economic Development, Maryland Department of Labor, Licensing and Regulation, Office of Workforce Information and Performance, U.S. Bureau of Labor Statistics