The Washington times., 1905-10-29
BRIGHT PROSPECT
FOR REAL ESTATE
Brokers Now Busy on Many
Big Transactions.
BOOM COMING IN SUBURBS
Extraordinary Activity in All Glasses
OF Property-Scarcity in Good
Business Sites
BOOM COMING IN SUBURBS

Washington real estate Offices are busy
places these days. All the princina,
brokers are immersed in pending deals.
some of which. involving large amounts,
they are unwilling to discuss at this
time. on account of the fact that they
nave not been closed. Even the men
OF less prominence in the fraternity are
occupied to remarkable degree with
prospective transactions, and almost
without exception the individuals and
firms that buy and sell real estate are
optimistic over the outlook for the COM
ing season.
The unprecedented interest in District
property which characterized the sum-
mer months has kept up, and In the pas
two weeks has increased with unusual
strides. as well informed dealers pre-
dicted it would. 1t is expected that be-
fore long number of deals running into
record figures Will be consummated
Benefits All Property.
The good market is not confined to any
particular section or class of property.
but has affected business sites and resi-
Dental localities, and IL is bv no means
confined TO the Sity proper. The suburbs
have had tremendous boost and i'm
provements on q mammoth scale are
getting under way in several of the
beautiful outlying neighborhoods. This
is particularly true of the territory
north and northwest OF the city, where
large public benefits, such as the Con-
necticut avenue bridge across Rock
Creek and the onening up of Fourteenth
street extended.
The latter step throws down the bars
from splendid stretch of naturally good
land (which for the past seventy-five
years has been held in the background
and prevented from taking it's proper
place in the development OF the Capt.
tai by the absence of adequate highway
facilities. The extension of streets has
made possible the doing of things that
will carry a substantial investing popu-
lation to the country back of Mt Pleas
ant and out toward Chevy Chase
Residents in the BriRhtwood district
are enthusiastic over the opportunities
which are unfolding to them by reason
of the street extensions, and the land
owners of that locality are figuring on
strong advances In prices in the near fu-
turc.
Optimism Among Dealers.
G. w. F. Swartzell. president of the
Swartzell. Rheem & Hensey Company,
declared emphatically yesterday that he
has confidence In the outlook for the
business that is now on He spoke pvirh
satisfaction of the operations that have
recently enlivened the real estate busi-
ness, and advanced several reasons for
the opinion that times will continue 70
improve.
He cited the new Union Station as
one of the things that WILL when COM
pleted. play a strong part in the
progress of suburban properties Mr.
Swartzell said that good investment
sites, whether for business purposes or
residences, found ready buyers, and that
business property is scarce.
L. Walter Weed, who is identified
with many of the larger transactions,
asserted that he had no doubt that
Washington is getting ready for an un-
exampled boom, especially in suburban
property. Mr.. Weed said he felt sure
that the boom which is now beginning
in earnest Will be substantial and will
leave a permanent impress on realty
values here.
Fairfax at their uptown Office which
was opened last month, demonstrates
clearly that such an institution is a
paying investment. and it is thought to
be not improbable that some OF .Ae
other big firms down town will follow
the lead and install branches in the
same part OF the city.