Economic Development

One of the world’s premier places to live, work, and play.

The Golden Triangle is the heart of Washington, DC’s central business district  bustling, vibrant, and bursting at the seams with innovation, culture, and commerce. With public realm projects and private development constantly underway, the landscape of the Golden Triangle continues to grow and evolve.

The Golden Triangle BID strives to enhance the neighborhood through long-term, strategic initiatives. These include the Connecticut Avenue Streetscape Enhancement Project, the rain gardens at 19th and L Streets, and a myriad of other beautification and programming initiatives all of which leverage existing assets in the neighborhood to make the Golden Triangle one of the world’s premier places to live, work, and play.

Within 1 mile of the Golden Triangle…

Residents

Median Age

Median Household Income

Aggregate Disposable Income (millions)

Retail & Restaurants

Overview

The high density of workers, high levels of income, and active streets of the Golden Triangle make the neighborhood a strong retail hub. The retail character of the neighborhood is built around mid- and high-end men’s and women’s apparel shops, jewelry stores, and boutiques.

The BID also has myriad businesses that cater to the service needs of area offices, including banks, office supply stores, and printing shops.

Whether you’re looking for fine dining, pub fare, or a quick bite to eat, the restaurant options in the Golden Triangle are plentiful and growing. Diners in the Golden Triangle can find cuisine from all around the globe, at all price points.

The neighborhood features a number of high-end steakhouses, as well as restaurants that feature the best of Southern (American), Mediterranean, Indian, and other cuisines from around the world.

There is a strong fast-casual market that caters to the lunchtime needs of the 85,000 neighborhood workers, and which features a mix of local concepts and regional or national chains.

Independent and national-chain coffee shops abound in the neighborhood, providing opportunities to refuel, relax, and get out of the office.

Demographics

  • Residential Population within a Half-Mile of the Golden Triangle: 41,000
  • Total Daily Office Workers: 85,000
  • Students within a Half Mile: 25,000+
  • Annual Visitors: 2.2+ million
  • Metro Entrances and Exits Daily: 124,487

Purchase Power

  • Average Employee Salary: $105,000
  • Average Income within a Half-Mile: $123,000
  • Annual Salary and Wages Earned: $8.9 Billion
  • Total Golden Triangle Spending Potential: $3.1 Billion

Spending Potential

Spending Potential by Audience
AudienceSpending Potential
Office Workers$1,163,000,000
Residents$543,000,000
Secondary Residents$998,000,000
Students$91,000,000
Visitors$310,000,000
Spending Potential by Retail Category
Retail CategorySpending Potential
Full Service Restaurants$617,200,000
Fast Dining$275,600,000
Clothing & Accessories$504,600,000
Health & Personal Care$385,000,000
Sporting Goods, Hobby, Books, & Music$236,100,000
Bars & Drinking Places$64,000,000

Selection of Retailers

Full Service Restaurants:

  • The Palm
  • Morton’s The Steakhouse
  • Bombay Club
  • Teddy & The Bully Bar
  • Quick Service Restaurants:
  • Cava
  • Sweetgreen
  • &Pizza
  • Taylor Gourmet

Coffee Shops:

  • Starbucks
  • Coffee Bar
  • Dunkin Donuts
  • Bourbon Coffee

Bars:

  • Public Bar
  • Sauf House
  • The Front Page
  • Buffalo Billiards

Apparel:

  • Nordstrom Rack
  • H&M
  • Brooks Brothers
  • Ann Taylor
  • Gap
  • Thomas Pink
  • Betsy Fisher
  • Jos A. Bank
  • Victoria’s Secret
  • Men’s Warehouse

Fitness Retailers:

  • CorePower Yoga
  • LA Fitness
  • Washington Sports Clubs
  • Yoga District
  • Humble Beast CrossFit

Check out the Golden Triangle’s Interactive Retail Map for a full listing of businesses in the neighborhood.

Click here to view available retail spaces in the Golden Triangle.

Office Facade

Office Market

Neighborhood Makeup

Class AClass BClass C
88 Buildings118 Buildings62 Buildings
18.1 Million SF13.5 Million SF1.1 Million SF
$55.29/SF AVG Rent$43.48/SF AVG Rent$47.97/SF AVG Rent
12.6% Vacancy Rate9.9% Vacancy Rate9.6% Vacancy Rate
*Source: CoStar

Major Tenants by Industry

20,000+ SF Tenants by IndustrySquare Feet Occupied
Law Firm7,235,424
Association, Non-Profit, Union, Lobbying1,735,672
Banking, Finance, Insurance, Real Estate1,154,485
Accounting, Consulting, Research, Strategy1,104,014
Government440,943
Architecture, Engineering, Construction, Design393,170
Marketing, Advertising, Communications, PR362,077
Media, Entertainment359,616
Education242,769
Technology167,951
Healthcare136,620

Selection of Businesses

Technology

  • Blackboard
  • Vox Media
  • Make Offices
  • Revolution Ventures

Legal

  • WilmerHale
  • Arent Fox
  • Steptoe & Johnson
  • Wiley Rein
  • Media

Media

  • CBS News
  • Vox Media
  • Edelman Public Relations
  • Fleishman-Hilliard

Healthcare

  • Medstar
  • One Medical Group
  • Washington Sports & Orthopedics
  • Groover, Christie & Merritt

Associations & Nonprofits

  • National Geographic Society
  • NFL Players Association
  • SEIU
  • Center for Strategic and International Studies

Federal Agencies

  • Executive Office of the President
  • Department of State
  • Peace Corps
  • Federal Reserve Board

Access

  • Time Saved Commuting from the Western Suburbs to the Golden Triangle versus the East End: 26%
  • Walk Score: 98
  • Metro Stations: 3 (Farragut North, Farragut West, Dupont Circle)
  • Metro Exits: 7
  • Metro Lines: 4 (Red, Blue, Orange, Silver)
  • Bike Parking Spaces: 800+
  • Garage Parking Spaces: 25.000+
  • Bus Routes: 60+


 

Hospitality

Hospitality Market

Snapshot

  • Annual Visitors: 2.2 million
  • Nearby Hotel Rooms: 5,000+
  • Average Room Rate: $226 per night
  • Free Outdoor Events Each Year: 100+
  • Restaurants: 200+
  • National Parks: 6

Selection of Hotels

  • The Mayflower
  • The Hay Adams
  • St. Gregory Luxury Hotel and Suites
  • Hotel Lombardy
  • Hotel RL

Residential Market

Snapshot

  • Population within 1/2 Mile: 41,000
  • Population within 1 Mile: 80,585
  • College Grads Living within 1 Mile: 67,000
  • Students within 1/2 Mile of the Golden Triangle: 25,000+
  • Median Residential Age: 30
  • 5-Year Avg. Vacancy Rate within 1 Mile: 3.7%
  • 5-Year Avg. Asking Price Per Unit within 1 Mile: $402,941

Additional Statistics

The Golden Triangle BID represents 32 million square feet of commercial office space, 3,000+ businesses, 300+ retailers, 200+ restaurants, eight hotels, and six U.S. national parks.

The Golden Triangle

The Golden Triangle BID Organization

  • 14 full-time staff, 35+ contracted employees as part of the Ambassador program
  • $4.49 million budget for FY13
  • Founded in 1997 as a private non-profit 501(c)(6)
  • One of nine BIDs in DC

Golden Triangle Neighborhood

  • 43 blocks, from 16th Street to New Hampshire Avenue NW and Dupont Circle to Pennsylvania Ave NW
  • 286 properties
  • 3,000+ businesses
  • 200+ restaurants
  • 32 million square feet of office space
  • 6 national parks

BID-area population demographics

  • Workday population of 85,000
  • Average BID worker salary of $89,600 per year
  • $6,300,000,000+ annual salary and wages earned

Other

Apparel/Retail

  • 30+ apparel retailers from luxury to mass market: Brooks Brothers, Nordstrom Rack, H&M, Thomas Pink, Betsy Fisher, Charles Tyrwhitt, Rizik’s, Ann Taylor, Gap, and more
  • Many specialty retailers, including 10 jewelers, 34 salons and day spas, 10 health clubs

Restaurants

  • 6 are in Washingtonian’s 100 Best Restaurants 2014
  • 43 highlighted by Zagat’s Guide

Hotels

  • 8 hotels in BID with 1,360 available rooms
  • Standard room rates in BID are $226/night

Public Transportation

  • Three Metro stations with seven exits: Farragut North (Red), Farragut West (Orange/Blue), Dupont Circle (Red)
  • More than 60,000 people exit Golden Triangle Metro stations on weekdays
  • Three of the busiest Metro stations are in the Golden Triangle
  • Circulator Bus from Union Station to Georgetown through the Golden Triangle has an average daily ridership of 4,800
  • Nearly 25,000 parking spaces

Capital Development

  • 23 development projects are either under construction or completed since 2001, representing more than 2.9 million square feet of office space and 95,000 square feet of retail in the Golden Triangle

Resources

Pending Development

The Golden Triangle is in the midst of a development renaissance. An estimated 5 million square feet of office space is scheduled to be repositioned between now and 2022, representing over $2.5 billion in investments by the development community. The majority of these repositionings will result in Class-B office buildings converting to Trophy-Class office buildings.

This surge of redevelopment has contributed to attracting and retaining regionally significant office tenants including law firms, technology firms, healthcare companies, and major NGOs. This activity has also attracted interest from a new class of destination retailers and restaurants seeking access to the Golden Triangle’s active and affluent consumer base.

Available Retail


The Golden Triangle is home to a vibrant mix of top-performing national retailers, locally owned boutiques, Zagat-rated full-service restaurants, innovative fast casual concepts, business services operators, and exciting nightlife venues.

Retailers attribute their success in the Golden Triangle to the neighborhood’s density of wealthy workers and nearby residents, multimodal transit access, and high-profile locations along Washington, DC’s most prominent avenues and streets.

For more information, please email feedback@goldentriangledc.com.

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