The Belgard Update 06/27/23

NoMa Multifamily Hits the Market

CBRE has listed the new construction property, The Belgard in NoMa. Constructed in 2018 the building features 346 luxury apartments along with 4,100 square feet of ground floor retail space. The property is currently 97% leased with an average rent of $2316 per unit. Per the offering memorandum, the property presents significant room for rent growth with rent differentials up to $407/unit/month within the nearby competitive set. 

belgrad

More information about this opportunity can be found here.

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