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Retail Rent in Glover Park going Z’s way

Posted by Capital Retail on October 14, 2008
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ZRetail Rent in Glover Park going Z’s way – DC neighborhood retail rents have softened due to the slower economy. Z burger http://www.myspace.com/zburgerdc is taking advantage of reasonable retail rents in Glover Park http://en.wikipedia.org/wiki/Glover_Park. Next week, Z burger is opening a 2nd location at 2414 Wisconsin Avenue formerly an 800 square foot laundromat. The Z burger owners are paying $3,000 per month with no tenant allowance. At their own cost, Z burger did a complete rehab to the small 1 story building and added another 600 square feet effectivly reducing the per square foot rent from $45 to $26.