Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-17

That business property values are in
creasing rapidly, new downtown business
centers being created and unprecedented
activity is taking place in the erection
of business structures is revealed by an
analysis made by Story & Co. of the
general assessment figures for the year
1929-30, just made public, covering
downtown Washington property.
by taking the current figures, ana
Lying them and comparing them with
the assessed valuations of former years,
definite facts were uncovered" said
John P. Story, jr., in commenting upon
the research.
Cites Valuable Properties.
1.-THE total assessed valuation of real
property in the District of Columbia
for the present year is $1,139, 600, 900,
land values being $550,000,000 and i'm
provements $3.50 100000.
THE IL most valuable parcels of
downtown property, taking the assessed
valuations of the ground only, per
square foot unit and disregarding i'm
provement values, are located as follows:
The northeast corner of Fourteenth and
F streets, assessed at S185 per square
foot; the northwest corner of Eleventh
and F. streets, at $160; the northwest
corner of Thirteenth and F. streets, at
$l60: the northwest corner of Four
tenth and F streets, at $40; the north
east corner of Twelfth and F streets, at
$40; the northeast corner of Fifteenth
and F streets, at $l35; the southeast
corner of Fourteenth street and New
York avenue, at $135; the southwest
corner of Fourteenth and G streets, at
$3.50; the northeast corner of Eleventh
and F streets, at SIPS; the northwest
corner of Tenth and F streets, at $120;
the southeast corner of Eleventh and F.
streets, at S120, and the northwest cor
ner of Fourteenth and G streets, at
S110.
of course, size and shape of lots
have influenced these valuations to
some extent, but they are indicative of
hlgh-value areas. 1t is worth while to
note that seven of these corners are
located on the north side of street
between Tenth and Fifteenth streets,
and that five of the parcels have 'front.'
age on Fourteenth street.
The downtown square having the
greatest assessed valuation, covering
ground value only, is that bounded by
Thirteenth street, street, Fourteenth
street and G street, the assessed valua-
ton being $8,628926. This is a large
square, but property values are high
here.
Based on Assessments.
"In order to determine the rate of
growth of business property values, as
we'll as the trend of business area loca-
tionS, compilation was made of the
assessed valuations of 80 squares in
close-in property based on the assess
ment figures for the year 10000. A
period approximately 20 years back was
used because business property trends
move Slowly and accurate results cannot
be predicated upon short-time observa-
tons. Also entire squares were taken
instead of isolated properties, in the
belief that results based on general OBJ
Servations are more apt to represent
actual conditions.
The property covered in the survey
comprised the squares facing on F.
street from Ninth to Fifteenth streets
along Fourteenth street and Fifteenth
street from Ninth to Fifteenth street.
& street from Fourteenth street to Con-
nectlcut avenue. and up Connecticut
avenue as far as M street. The section