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Washington, DC, readies tax abatement program for commercial-to-residential conversions | Smart Cities Dive

February 12, 2024
  • D.C. Policy Center

On February 12, 2024, a D.C. Policy Center chart of the week was cited by Smart Cities Dive:

A separate analysis from the D.C. Policy Center shows that Washington, D.C., which collects over $1.1 billion in tax revenue from office buildings, stands to lose millions of dollars in commercial tax revenue from those properties if current leasing trends and office vacancies in the downtown area continue.

Read more: Washington, DC, readies tax abatement program for commercial-to-residential conversions | Smart Cities Dive

Related: Chart of the week: The pandemic’s shadow still looms over D.C.’s commercial real estate market 

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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.

For more information, please see our About page.

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