Crystal City has convinced more businesses to move to the area from elsewhere in the D.C. region than any other neighborhood since 2014, according to new research.
New data compiled by the commercial real estate consulting firm Jones Lang LaSalle shows that Crystal City has convinced a total of 32 office tenants to move to the area over the last four years, including 20 previously based in D.C. and the remaining 12 from other parts of Northern Virginia.
The Rosslyn-Ballston corridor wasn’t far behind, luring a total of 28 businesses to relocate, with 21 from D.C. and seven from Northern Virginia, the firm found. In all, the two Arlington neighborhoods far outpaced other contenders like Tysons Corner or Old Town Alexandria, winning a combined 60 of the 113 commercial office tenants to move around the D.C. region since 2014. Even still, the corridor and Crystal City alike have grappled with persistently high office vacancy rates over the last few years, squeezing the county’s coffers.
Rob Sapunor, JLL’s senior research analyst for Northern Virginia, found that Crystal City won a total of 580,174 square feet of new tenants over the last few years, with 367,597 square feet worth of businesses coming from D.C. alone. Of those companies to make the jump, he found that five were nonprofits and 11 were professional associations.
He noted that three buildings earned the bulk of those new tenants — 1400 Crystal Drive, the Presidential Tower at 2511 Jefferson Davis Highway, and 251 18th Street S. The analyst attributed Crystal City’s relatively low rent prices to helping lure businesses out of D.C., predicting that it will “continue the trend of cost-conscious tenants exploring this market.”
Sapunor added that the Rosslyn-Ballston corridor added 482,545 square feet of new businesses, including 314,443 square feet from D.C..
“Among tenant types, no one particular industry dominates, a sign of the corridor’s shift away from a heavy reliance on government agencies and contractors,” he wrote. “New tenants include tech, media, lobbying, education, consulting and nonprofit.”
He predicts that the area will remain an “attractive market” for businesses looking for “monument views,” but he also expects competition from elsewhere in Northern Virginia to ramp up in the coming years. In particular, he foresees Tysons and even Loudoun County becoming more formidable competitors for businesses moving out of D.C. as Metro wraps up some of its long-awaited expansion work.
“As the market increasingly becomes increasingly transit-accessible with Phase 2 of the Silver Line opening in 2020, migrations within Northern Virginia will favor on-Metro relocations,” Sapunor wrote.
File photo. Chart via JLL
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Synetic Theater Camps are a wildly fun, highly accessible choice for young people who love moving, playing games, and making memories. Registration is open now for Summer Camps (sessions June 20-August 25) and there are even a few spots left for Spring Break camp, April 3-7.
Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and
District 27 Toastmasters 2023 Virtual Conference
District 27 Toastmasters invites you to its annual conference where you can hear phenomenal speakers, attend professional development and personal growth seminars about leadership, negotiation, communication, teamwork, and mentorship. Learn how to develop your personal story and how to improve