Submit Content

Rental Trends: Forecasted Job and Population Growth in Arlington

Rental Trends banner

This biweekly sponsored column is written by the experts at Gordon James Realty, a local property management firm that specializes in residential real estate, commercial real estate and home owner associations. Please submit any questions in the comments section or via email.

A recent report estimates that the D.C. metro area will grow by 1.5 million people and add 1.1 million jobs in the next 30 years, and that growth is likely to bring plenty of opportunity for area property investors.

In Arlington County, projections by the Metropolitan Washington Council of Governments show that 69,000 new residents will move in by 2045. That’s a population increase of nearly a third, and it would bring the number of county residents close to 300,000.

And the county will see an even larger percentage increase in households by 2045 — nearly 40 percent — according to the predictions. That means adding more than 38,000 new households to the 103,600 counted in 2015.

Of course, all those new people will need somewhere to live. And if recent trends are an indicator, many will choose to rent their homes. In fact, they’ll be searching for the best property management company in Arlington, Virginia, not to mention Northern Virginia and the metro D.C. area.

So, while a glut of recent apartment construction may have led regional rents to flatten a bit lately, it looks like there will be plenty of demand for new and existing units in the coming years.

In fact, average annual rent increases will likely top four percent in 2018, according to Delta Associates, a company that analyzes regional housing trends. The company predicts a stabilized vacancy rate of 3.4 percent in Northern Virginia in September 2018. The vacancy rate was 4.1 percent in the third quarter of 2015.

Based on the COG’s report, it also looks like many of the new jobs coming to the region will be those that are more likely to support qualified renters. It predicts a shrinking number of federal government jobs but large increases in the relatively high paying professional and business services sector. Growth in the information sector is also expected to be strong.

Arlington’s share of the region’s job growth will bring nearly 70,000 new jobs to the county, an increase of 33 percent, the report said.

For existing and would-be landlords, the population boom, job growth and ongoing residential development certainly bear watching. As supply and demand in the market changes in the coming years, adjusting investment plans, considering renovations and other ways to keep your property competitive and keeping your rents in sync with market rates will help you maximize returns.

Recent Stories

As Arlington County continues collecting feedback on the preliminary concept plan to turn Langston Blvd into a “Green Main Street” over several decades, a few disagreements have emerged. Some say…

RSVP to learn about the Forestry and Natural Resources Plan during the virtual open house tomorrow at 7 p.m.

Within the first five minutes of Netflix’s new series Partner Track, Arlington native and Yorktown High School graduate Alexandra Turshen already has her “boss” moment by telling the new paralegal…

The Arlington Art Truck is back this fall starting October 1 with an exhibit focused on Arlington’s birds.

Now you can have fun with your family and friends when deciding where to eat!

Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!

– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!

Submit your own Community Post here.

Lyon Park & Ashton Heights’ biennial home & garden biennial tour is back. The tour will include contemporary custom homes, older historic bungalows as well as renovated properties. One of the stunning homes on the tour is pictured above.  In addition to beautiful & unique homes, the Villa & Vistas ’22 event will conclude with a festive reception at the Lyon Park Community Center at 414 N Fillmore Street, Arlington VA 22201. What could be better right?

All proceeds from this event will go to the Lyon Park Citizens Association (LPCA) towards our neighborhood jewel & hub, the Lyon Park Community Center (LPCC).

When: Sunday, October 2nd, Noon – 4 PM. 

Where: Meet to get your tickets and the tour map at the Lyon Park Community Center (414 N Fillmore Street) We will have a table with information outside.

Read More

Submit your own Community Post here.

Homebuying 101: Steps to Getting Pre-Approved

Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved. Join ACFCU for our Homebuying

Pink Carpet Event Charity Fashion Show

The Pink Carpet Event Charity Fashion Show will feature our fabulous breast cancer survivors slaying the runway! Designers from Baltimore and the Washington, DC Metropolitan area will bring exquisite fashion and glamour to this event. Professional male and female designs


Subscribe to our mailing list