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Potential Wizards, Caps Move Raises More Questions About Real Estate Around Arena

Proposed Relocation of DC Pro Sports Teams, Impending FBI Move Could Shake Up Downtown Market
By Michael Cobb
CoStar Analytics
January 4, 2024 | 6:23 P.M.

The owner of the NHL's Washington Capitals and NBA's Washington Wizards shocked the region last month after announcing plans to move the teams from Washington, D.C., to Alexandria, Virginia, a potential move that is expected to exacerbate the issues of a downtown that is already facing very public struggles.

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