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Oliver Carr III Believes D.C. Will Overcome
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Commercial Observer
Oliver Carr: This was an expected evolution for Carr, and something we had been working toward for quite some time.
These are opportunities to take well-located yet underperforming office buildings and redevelop them into premier-quality housing that is consistent with the Carr brand.
Additionally, we are actively looking to expand our portfolio of trophy-quality office buildings where we can generate outsized returns.
Speaking to the current conditions in the D.C. office market — yes, the headline vacancy numbers are challenging.
Does the D.C. market have the potential to become a radically different place within our lifetimes?