Around Town

Recent “Chopped” winner David Ho is coming to Arlington next week to take part in a kids cooking competition.

Ho will judge the K12 National Cook-Off, which is being held at Kitchen of Purpose in Arlington on Saturday, July 13. Celebrity chef Isabel Coss and Daniela Hurtado, Kitchen of Purpose’s director of programs, will also serve as judges.


Sponsored

This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email protected].

Question: Does the cost of renting a home in Arlington increase at a similar rate as the cost of buying a home in Arlington?

Answer: The cost of renting and buying a detached home increases at a similar rate, but the cost of renting a condo has outpaced the cost of buying a condo.

Condo Rents Rising Faster than Condo Prices

Since 2020, the cost of renting a detached home in Arlington increased at a similar rate as the cost of buying a detached home; 26% and 28%, respectively.

However, the cost of renting a condo increased significantly faster than the cost of buying a condo; 21% and 6%, respectively.

Sale Price to Rental Rate Multiple Shifts with Interest Rates

The table below shows the average price and $/SF of buying a detached home or condo relative to the average annual rent for a detached home or condo, in Arlington. Higher multiples show that buying is becoming more expensive relative to renting.

Takeaway: Condo buyers are more rate sensitive than detached home buyers and are more likely to rent (higher rental demand = strong condo rent appreciation) than buy (weakened purchase demand = low condo value appreciation) when interest rates increase. Notice how quickly the sale price to rental rate multiple drops from 2020/2021 to 2022/2023 (rates skyrocketed spring/summer 2022). (more…)


Announcement

The Rosslyn Farmers Market brings fresh, locally grown food to the heart of the neighborhood on Wednesdays from 2-6 p.m. beginning on May 6. Located at Central Place Plaza (1800 N Lynn St) and operated in partnership with FRESHFARM, this thoughtfully curated mid-week market connects the community with regional farmers and food producers offering seasonal produce, baked goods, ready-to-eat items, and other local essentials.

Just steps from the Rosslyn Metro station, the market is a convenient destination for Arlington residents, commuters, and visitors searching for a farmers market near Washington, D.C. From farm-fresh vegetables to artisanal breads, the Rosslyn Farmers Market makes it easy to restock your pantry or fridge with dinner-ready staples right in the middle of the workweek.


Around Town

An Indian restaurant operating out of John Lyon VFW Post 3150 in Colonial Village has abruptly left the space.

A sign on the door of the post said that Sundara Indian Restaurant & Cafe is moving to a new spot at 1320 Braddock Place, near the Braddock Road Metro station, in Alexandria.


Events

Thursday is the Fourth of July, and Arlingtonians have a front-row seat to the annual fireworks show over the nation’s capital.

The National Park Service is expected to start its fireworks show over the Lincoln Memorial Reflecting Pool at 9:09 p.m. For those hoping to stay west of the Potomac River, there are plenty of spots in and around Arlington to see the show.


News

County staff are seeking feedback on competing visions for a more verdant and multi-functional Gateway Park in Rosslyn.

Following an initial round of community feedback on the recreation area at 1300 Langston Blvd, which the county hopes to overhaul several years earlier than expected, a new presentation outlines three possible paths forward. All of them involve keeping popular features including Gateway Park’s lawns and dog park, while adding more greenery and new areas geared toward a variety of activities.


News
ART 62 bus rides off into the sunset (Flickr pool photo by Cyrus Wilson)

New Laws Take Effect — “New state laws take effect July 1. The new laws apply to speed limits, certifying election results, access to polling places, transportation safety, solar programs, emissions inspections, firearms, opioids, towing, electronic meetings and more.” [Fairfax County, Patch]

Man Convicted of Illegal Ammo Buy — “Approximately three weeks following his Maryland conviction, on May 3, 2023, Kearney traveled to Arlington and purchased ammunition from a federally licensed gun store. As a previously convicted felon, Kearney could not legally possess firearms or ammunition.” [USDOJ]

Flyover Planned Today — From AlertDC: “The U. S Military will conduct a flyover in the National Capitol Region, at the Arlington National Cemetery, on Monday, July 1, 2024, at 1:22 PM.”

Video: Tree Falls Over Glebe — From Dave Statter: “The moment a tree and wires came down on N. Glebe Rd at N. 18th Street. This was around 6:30 p.m.” on Saturday. [Twitter]

County Signs on to Gun Case — “County Board members authorized staff to become a signatory to Garland v. VanDerStok, in which a federal judge has held that the Biden Administration overreached its authority when in 2021 the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) revised definitions within the federal Gun Control Act.” [Gazette Leader]

Google Bucks for Local Startup — From a PR rep: “Trustible – out of Arlington – is one of 20 recipients nationwide of Google for Startups Founders Funds. Trustible is set to receive $150,000 in non-dilutive cash awards and $100,000 in Google Cloud credits to help grow their businesses.” [Press Release]

Space Event with Astronaut at HQ2 — “Thanks to a partnership with Kuiper Government Solutions, non-profit Higher Orbits will bring its Go For Launch! program to Arlington, VA. On July 11 and 12, students in grades 8-12 will participate in a space- inspired event held at Amazon’s Virginia-based headquarters… Interested students can register online at www.GoForLaunch.space.” [Higher Orbits]

It’s July — Expect sunny skies and a high near 80 accompanied by a north wind around 14 mph and gusts reaching up to 22 mph. For Monday night, the weather will be mostly clear, with temperatures dipping to around 63 degrees, and a north wind at 5 to 7 mph. [NWS]

Today’s Morning Notes are brought to you by Industrious. ARLnow has been in an Industrious office for years and we love the convenience — you get to focus on your work rather than worrying about brewing your own coffee or keeping the copy machine stocked. Industrious has several Metro-accessible coworking locations in Arlington.

Flickr pool photo by Cyrus Wilson


Weather

Arlington — as well as D.C. and surrounding areas —  is under a Severe Thunderstorm Watch this (Sunday) afternoon.

The National Weather Service just issued the watch, which is in effect until 11 p.m.