You'd have to dig to find it
on washingtonpost.com, but the front page of Monday's Business section has a huge graph showing the trend in commercial real estate sales in Near Southeast
(and Buzzards Point) from 2000 through 2005. (Full disclosure: I did the research for it.) From 2000 through September 2004 (when DC got the Expos and the city announced that a new stadium would be built in southeast, there were 32 sales of undeveloped commercial property, totaling just under $40 million. In the 15 months after this, there were 37 sales--for nearly $219 million. It also compares two properties, right next to each other, that sold five years apart--the 45,000-sq-ft lot at 80 M Street sold for $5.5 million in 2000 (and construction began on the office building there soon afterward), while the 82,500-sq-ft block just to its north was purchased by Ron Cohen in 2005 for $51.6 million. A slight spike in prices, one might say. There's an accompanying article by Dana Hedgpeth, "Contesting a Stadium's Power
," with quotes from developers, real estate professionals, and city officials as to whether the land boom in Near Southeast can really be attributed to the stadium, or whether the development would have happened anyway (albeit more slowly).