How Arlington Developers, Officials Aim To Bring Down Its 23% Office Vacancy
Arlington County has one of the highest vacancy rates in the D.C. region, but leaders say efforts are underway to chip away at the issue.
Arlington County has one of the highest vacancy rates in the D.C. region, but leaders say efforts are underway to chip away at the issue.
The South Arlington building traded for 11% less than its previous sale in 2011.
The Arlington County Board Saturday unanimously approved Amazon's plans for two 22-story towers with ground-floor retail on the Metropolitan Park site.
Telly Tucker, the economic development head for Danville, Virginia, plans to begin his role as Arlington Economic Development director Jan. 13.
Office rents in the National Landing area have increased 18.6% over the 12 months since Amazon's announcement, according to JLL.
Arlington leaders and developers say they need more affordable housing funding, but Glenn Youngkin's election puts the state's contributions in question.
Arlington is one of the most sought-after and priciest markets in the country, and as its development continues, tackling affordability is crucial.
Hoskins' appointment comes after a nationwide search to replace Jerry Gordon, who led the Fairfax County Economic Development Authority for over three decades.
The EPA is planning to consolidate employees at its Pennsylvania Avenue headquarters and vacate a Potomac Yard office building.
Amazon has received Arlington County approval, applied for building permits and plans to begin demolition this month on the HQ2 development site.
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