Join Club

Report: Office Rent on Wilson Blvd in Rosslyn Highest in Northern Virginia

Northern Virginia office space is most expensive to rent on Wilson Blvd in Rosslyn, according to a study.

Commercial real estate firm JLL found that rents on the street in Rosslyn average between $56 and $65 per square foot, and that those rents are increasing.

The study found that average rent increase is due to new high-end “trophy class” offices coming online, as well as the unobstructed views of Washington, D.C. and the Potomac River. Those “trophy” offices include top amenities, good views of their surroundings and are connected to transit options like Metro and bus routes.

“The new trophy buildings not only deliver high-end modern office space, but will help transform Rosslyn from a sleepy 9-5 business district into a vibrant live-work-play neighborhood,” Michael Hartnett, senior research manager in JLL’s Northern Virginia office, said in a statement.

Across the region, average rents on office space remain high even as jurisdictions battle with a high vacancy rate. Arlington County’s office vacancy rate is just over 17 percent, even with the likes of Nestle moving to Rosslyn.

“Despite the U.S. office market posting 81 million square feet of net absorption the past 24 months and posting rent growth of 8.2 percent, the Metro D.C. market has posted nearly 700,000 square feet of occupancy losses and a rent decline of 6.9 percent,” John Sikaitis, managing director of research at JLL, said in a statement. “In this challenging market, there are an equal mix of winners and losers and on the demand side, these nuanced high-priced corridors at the intersection of Main and Main have attracted the most demand and been some of the more resilient segments of the market.”

Photo via Monday Properties

Recent Stories

Several projects approved in Arlington’s inaugural round of historic preservation grants may need some more time to wrap up. The Arlington County Board on Saturday will consider extending agreements with…

Democratic candidates are racking up tens of thousands of dollars in donations, as well as numerous notable endorsements, as this year’s local races heat up.

Morning Notes

Arlington a ‘New Powerhouse in AI’ — “Arlington, VA, traditionally known for its strategic importance in government and defense, is rapidly transforming into a thriving hub for artificial intelligence (AI)…

Good Wednesday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…

Unlike our competitors, Well-Paid Maids doesn’t clean your home with harsh chemicals. Instead, we handpick cleaning products rated “safest” by the Environmental Working Group, the leading rating organization regarding product safety.

The reason is threefold.

First, using safe cleaning products ensures toxic chemicals won’t leak into waterways or harm wildlife if disposed of improperly.

Second, it’s better for you and your family. Fragrant chemicals in surface cleaners can expose you to a similar amount of pollutant particles as a busy city road, New Scientist reported.

Read More

Submit your own Announcement here.

Northern Virginia Family Practice (NVFP), known for its comprehensive concierge healthcare, is thrilled to introduce Mark Sullivan, MD as the newest member of its family medicine team.

Dr. Sullivan brings a wealth of experience in family medicine, underpinned by a passion for delivering personalized, patient-centered care. He has a distinguished background in managing various medical conditions, emphasizing preventive care, health education and chronic disease management. Dr. Sullivan is adept at employing the latest medical research and technologies to enhance patient outcomes.

Beyond his medical expertise, Dr. Sullivan is committed to the well-being of his community, demonstrating this through his active engagement in local health initiatives and educational programs. His approach to medicine is holistic, focusing on integrating physical, mental and emotional health and patient education to achieve optimal patient wellness.

Dr. Sullivan is now accepting new patients at their newly established Arlington office at 2445 Army Navy Drive, Arlington, VA, 22206. The office, known for its patient-friendly amenities and state-of-the-art medical facilities, continues to provide the exceptional, personalized care NVFP is known for in its newly upgraded Arlington location.

Read More

Submit your own Announcement here.

Fascination

Goth-Dark Wave Dance Party with Belly Dancing and Drag King Show.

                                         Part of Our

Alternative Thursdays for Alternave People with Alternative Lifestyles

                                      Performances By

Belladonna and the Nightshades

Ya Meena

Drag King - Ken Vegas

DJ Michelle Guided

National Chamber Ensemble – Concerto Celebration

We invite you to join us for an extraordinary evening of music at our Season Finale, “Concerto Celebration”! Enjoy several masterworks as NCE performs two famous concertos in an intimate chamber music setting, opening with a delightful work by Chevalier

×

Subscribe to our mailing list