the West. Planned to open by 2022, the Purple Line will offer around 60,000 rides a day, increase the total job count in the region by over 20,000 and increase economic activity by $7.0 billion, increasing property values by $12.8 billion over the next few decades. This has of course attracted vivid interest from the private development community. Among them, Forest City Washington and Urban Atlantic stand out with their 2.7 million square foot project surrounding the New Carrollton Metro Station. It will include 1,370 residential units, 1.1 million square feet of office space, 150,000 square feet of retail, and 150,000 square feet of hotel. Likewise, Berman Enterprises intends to construct two four-story luxury apartment buildings – including over 500 units above 20,000 square feet of retail space – near the New Carrollton Metro station.
The featured properties in this month’s rent survey represent five communities in New Carrollton and one neighboring in Landover built between 1963 and 1971. Occupancy rates for the communities range from 96% to 98%. Average rental rates per square foot range from $1.27 to $2.03, with average unit sizes ranging from 790 square feet to 1,192 square feet. Common amenities include fitness centers, swimming pools, clubhouses, business centers, parking, and on-site laundry facilities. Unit amenities include vaulted ceilings, dual-pane windows, and hardwood floors in select units. Residents pay application fees of $25 to $50 and post security deposits from $200 to one month’s rent. Pets are allowed in some surveyed communities with residents paying pet deposits of $250 and monthly pet rents of $25 to $55.