Urban Housing on the Rise in Washington D.C.
The younger workforces is widely believed to be behind the growth trend.
"The downtown population surged over the last decade, according to the latest U.S. census counts, he noted.
'We now have 86,000 people living in Ward 2 -- which is principally downtown -- which underscores the fact that that's where people want to live,' Gray said.
According to experts, the demand for more housing in the city and other urban areas in the region, such as Rosslyn or Bethesda, will come from young professionals."