(Updated at 1:40 p.m.) An Arlington school went into lockdown Wednesday after a student reportedly brought a gun to school.
All students at the Langston High School Continuation Program and New Directions secondary program are safe and the lockdown lasted about 30 minutes, Principal Kim Jackson-Davis said in an email to families Wednesday afternoon.
To generate some savings in its new budget, Arlington County is targeting low-performing bus routes in North Arlington.
It proposes axing one route between Courthouse and Ballston, along Lorcom Lane, that saw just 2.1 passengers per hour in the 2023 fiscal year (ART 62) for a savings of $348,613. Two bus routes — ART 61 and 53, serving the Ft. Myer and Radnor Heights neighborhoods and the Ballston to East Falls Church Metro stations — saw just 3.4 and 4.3 passengers per hour, respectively could be combined for a savings of $316,940.
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…)
A new Mediterranean restaurant with live entertainment and an expansive patio is on track to replace the former Bar Ivy in Clarendon.
Láylí is slated to open at 3033 Wilson Blvd within the next few months, offering an “immersive mezze and cocktail garden experience,” applicant Walid Zeytoun told ARLnow.
A body has been found in the waters north of the Key Bridge, according to D.C. Fire and EMS.
Arlington County firefighters assisted their D.C. counterparts in what was originally a water rescue, after a person was seen floating in the Potomac. It later deemed to be a recovery operation when the person was found deceased.
Spring into Rosslyn for a day where books, blooms, and community come alive!
This year’s Rosslyn Spring Market on Saturday, May 2, from 10 a.m.-3 p.m. brings colorful florals, local vendors, and plenty of moments to stop and smell the roses to the NOW pop-up park.
(Updated at 4 p.m.) People and pets should avoid Four Mile Run downstream of Mount Vernon Avenue, Arlington County says.
The advisory follows a reported fish kill.
A Cherrydale vape shop has closed less than a year after opening.
L.A. Leaf opened last spring, stocking a variety of CBD and vape products. Now, however, the store’s interior is empty and its phone number is answered with a dial tone.
The Lot in Clarendon, now under new ownership, has been re-christened Arlington Beer Garden.
However, craft beer fans will need to wait a bit longer for its debut. Yahya Yasini, one of the new owners, told ARLnow the beer garden at 3217 10th Street N. could open in about a month.
Penrose and Arlington Heights residents say a heavily trafficked road through their neighborhoods needs more speeding enforcement and traffic calming measures.
From Washington Blvd to Glebe Road, 2nd Street S. has seen several crashes over the last decade, including a 2012 crash at S. Wayne Street that sent three to the hospital to a fatal pedestrian crash near S. Old Glebe Road in 2022.
Initial Work on HQ2 Phase 2 — “Clark Construction plans to begin installing utilities for PenPlace, the second phase of Amazon’s HQ2, which remains delayed but, we’re told, not scaled back. Work on South Fern Street, South Eads Street and 12th Street South in Arlington will begin March 18 and continue through April, according to a Monday construction update email from Clark. Amazon… wouldn’t say when construction would start or when the project would deliver.” [Washington Business Journal]
Local Motorcyclist Killed — “A 19-year-old man from Arlington died Sunday night (March 10) after reportedly crashing into a sedan while riding his motorcycle in Bailey’s Crossroads. Officers responded to the intersection of Leesburg Pike (Route 7) and Glen Carlyn Drive at 11:10 p.m. on Sunday for a crash involving a 1996 Yamaha motorcycle and a 2000 Acura sedan.” [FFXnow, Patch]
