On a recent afternoon along a stretch of N. Randolph Street in Ballston, a periodic thump-thump could be heard as drivers ran over a series of ruts in the road.
Some swerve or slow down substantially at an especially deep indentation midway down the 1100 block of N. Randolph Street. This is one of several dips between Washington Blvd and Fairfax Drive resulting from utility cuts during service line replacements.
With a half-billion dollar deal to modernize and expand Capital One Arena in place, the Washington Capitals are now mulling their future at the MedStar Capitals Iceplex in Ballston.
ARLnow has learned that the team recently started talking to Arlington County about potential modernizations and improvements to the 137,000 square foot, county-owned facility. The Iceplex opened in 2006 and serves as the Caps’ official NHL practice facility and headquarters, as well as the home ice for college, high school and beer league hockey teams.
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…)
Eclipse Viewing for APS Students — “All students in Arlington Public Schools will receive protective solar-viewing glasses for the partial solar eclipse that will take place Monday afternoon, according to an update that Superintendent Dr. Francisco Durán sent APS families on Wednesday.” [Patch]
Teen Arrested for ‘Street Takeover’ — “Several people have been identified and charged in connection to a ‘street takeover’ in Springfield on Sunday (March 31). The Fairfax County Police Department announced today (Wednesday) that detectives arrested and charged an 18-year-old man from Woodbridge and a 17-year-old Arlington [boy] who allegedly took part in a rowdy ‘mob’ in a parking lot in the 6600 block of Electronic Drive around 3 a.m.” [FFXnow]
Good Wednesday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar.
The following articles were published earlier today — Apr 3, 2024.
Join us in remembrance and celebrate our community at the City of Falls Church’s 44th Annual Memorial Day Parade and Festival on Monday, May 25, 2026. Honor our nation’s fallen heroes and our country’s rich history while marking the 250th anniversary of the United States of America!
Monday, May 25, 2026, from 9 a.m. to 5 p.m.
Construction has begun on a replacement for two bridges destroyed in flash flooding back in 2019.
The main section of the new pedestrian bridge to span Lubber Run arrived yesterday (Tuesday) at 300 N. Park Drive. Work on the site, which began in February, is expected to wrap up sometime between July and September, county spokesperson Jerry Solomon said.
A local nonprofit has formed a new partnership to help reduce military spouse unemployment.
The American Armed Forces Mutual Aid Association (AAFMAA), a nonprofit military financial solutions provider headquartered at Arlington’s Joint Base Myer-Henderson Hall, is collaborating with the Department of Defense’s Military Spouse Employment Partnership (MSEP) to bring the military spouse unemployment rate down by connecting spouses with one of the 700 MSEP employers.
As Arlington prepares for next week’s solar eclipse, several local events are lined up for residents to learn about, watch and pick up glasses for the celestial event.
Although Arlington won’t be in the path of totality running from Texas to Maine, we’ll be getting 87% coverage around 3:20 p.m. on Monday, April 8. The National Weather Service currently predicts partly cloudy skies that day.
Columbia Pike Deli is officially open for business.
The new delicatessen at 2406 Columbia Pike celebrated its grand opening last week, taking over the space previously occupied by Rappahannock Coffee. The coffee shop, a fixture for two decades, closed last year when its owner decided to retire.
Arlington’s local business environment is constantly changing, with openings, closings, and ownership changes a regular occurrence.
A small business owner may decide to sell due to shifting economic conditions, retirement, a desire to pursue other endeavors or diversify one’s assets, or to try to turn around the fortunes of a floundering business.
