Supermarket Spike: Measuring Apartment Rent Growth Around New Grocery Stores

Apartment developers expect to receive higher rents when a new grocery store opens next door, but a new report sheds light on which grocery chains come with the largest rent premiums and where in the D.C. region that premium tends to be highest.

Across the D.C. region, apartments near a new grocery store had rents more than 5% higher than the submarket average at the time of the store`s opening, Newmark Knight Frank`s Grocery Store Effect report found...

   ...more

RSK: This makes sense to me. 5% higher rents is worth it if you can walk a block or take the elevator down to a Whole Foods or Festival Foods.