The Washington times., 1905-05-07
Deals Getting Numer-
Gus and More
Promised.
BUILDING GROWING FAST
Apartment Houses Still in
Ffont-NeW Eastern Star
Home at Sligo.

Judging from the number of transfers
that have been put on record in the past
week there appears to be an upward
movement in real esate. Besides, brok-
ers are generally much pleased with the
outlook. While the transactions thus far
in the season have not been OF eNtraor-
dinary Importance, there is a gratifying
large total of smaller deals, and, what
is still better, continual and interested In
quiry for bargains. This Us especially
the case as regards unimproved prop
erty- In these inquiries nearly all sec
tions of the city are included, showing
that building enterprises are in contem-
plation, and furnishing convincing proof
that investments Of this character in
Washington are regarded not only by
our oWTa people. but also by moneyed
men in other cities.
1t is noteworthy fact that the very
large majority of building operations re
1ates to the erection of apartment houses
and small dwellings Large residences
are more rare. For the class of struc-
lures mentioned there is an unceasing
demand. and while it may be true that
tenants may leave one apartment house
stas occupy quarters ia one more recently
b1iilt. and having perhaps. some novel
ties in the way of construction or equip
ment, yet the vacated apartments do
not lack occupants for any length OF
time. Another Incident worthy OF note
in this connection is that, as a rule,
good prices are willingly paid for apart
mentss in proportion to their size and
the accommodations hey offer. Real
estate agents who are charged with
the renting OF apartments in different
parts of the city say that they have
but seldom any vacant ones on their
hands. and this is especially true of those
that are not held at top prices.
Vacant Apartments Rare.
One of these agents. who has charge of
a considerable number of anartment
houses both large and small, was dis
cussing the Circumstance that vacant
apartments are the exception rather
than the rule. 1T really would be quite
difficult TO account for il, said he, for,
making nearly every allowance for the
increase in our population, the incre-
ulent Is hardly enough TO fill the column,
werc X rot that there is said TO be a
perceptible dinlinution in the boarding
house end, room renting contingent II
is largely from these that the occupants
of the apartments. especially those IN
the smaller. or of more modest prices.
this exodus and influx will continue in
definitely. There IS certainly no indica-
ton at the present time that there is
going TO be any falling off in the build
ing of apartment houses for many q
year Nearly all the large unimproved
tracts are filling up with them
but the more remarkable phenone-
men," continued the agent. us 10 be
found in the unusually large number of
private residences, built both for sale
and renting Comparatively few remain
untenanted or unsoid for any length OF
time. ard. generally. pretts fair prices
are obtained in the sales. I remember
that il was predicted a few years ago
that Washington would have popula-
ton Of half million in 1925 Well.
think we shall not have TO wait that
long for that number if the population
increases at the rate of the past five
years"