This Morning in Alexandria

Alexandria eked out positive net office absorption last year, just one among many bright spots for the city, said Delta Associates' Greg Leisch at our Future of Alexandria event this morning at the US Patent and Trademark Office. Alexandria's office vacancy rate of 11% remains slightly below the DC metro average of 11.1% and even farther below the national average of 13.5%, Greg says. The presence of PTO—as well as the future arrival of the National Science Foundation—also positions Alexandria as the true intellectual property capital of the world.

The NSF's Mignon Anthony (with McGuireWoods' Jonathan Rak) is handling the agency's transition from Ballston to Alexandria. She says that while the addition of 1,500 employees will be a boon for the city, the real impact may be in the 1,000 or so visiting scientists who'll visit the new property at nearby Hoffman Town Center every week to present and defend grants. (Hotels: Stock up on board games and Battlestar Galactica DVDs—things are gonna get crazy.) Stay tuned for more Alexandria coverage on Monday.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

King Of Prussia Pursues Stadium To Anchor $200M Mixed-Use Complex

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand