GDA Collaborates on DC Creative Economy Study

Green Door Advisors collaborated with Mt Auburn Associates, DC Office of Planning and the Washington Economic Partnership to complete a groundbreaking study on the Creative Economy within Washington, D.C. 

From the Washington Economic Partnership website: Today, there are more than 75,000 direct jobs in the District’s creative sector, which amount to more than 10% of the city’s employment base. The District’s creative base includes building arts, design, media, communications, performing/visual arts, museum management, and culinary arts. Most of DC’s creative jobs are in commercial enterprises focused on a subset of the creative economy which includes media, culinary arts, museum management and design.  

The assessment also highlights that the creative economy provides an opportunity to activate vacant and underutilized sites with arts and creative uses to maintain stability in the city’s economy, extend employment opportunities to under- or unemployed residents, and enhance communities through arts and cultural uses." 

GDA provided insight and analysis on the challenges facing artists and arts related uses within DC's real estate market. GDA identified the City's market position within the region, examined the obstacles faced by many artists given the City's zoning and regulatory structure, recommended neighborhoods and specific sites most suited to growing and supporting arts related uses and provided key recommendations for the support of arts related real estate uses within the District.  The full study may be found at:  http://wdcep.com/wp-content/uploads/2010/09/creativecapital.pdf