The pandemic and work from home trends are causing pain for owners of office buildings in Arlington and across the region.
Arlington’s office vacancy rate reached 20.8% this month, according to data from CoStar, as relayed by Arlington Economic Development. That’s up from 16.6% at the beginning of 2020, as the pandemic first took hold, and 18.7% at the beginning of 2021.
The Columbia Pike Partnership and Black Heritage Museum of Arlington are moving down the Pike due to the imminent redevelopment of Fillmore Gardens Shopping Center, both announced yesterday (May 18).
The two local organizations are set to move by the end of the month into the first floor of the Ethiopian Community Development Council building at 3045 Columbia Pike, only a five minute walk from its current home at 2611 Columbia Pike. Among their new neighbors is a Subway sandwich shop.
Jefferson Apartment Group has filed plans to redevelop the Clarendon Wells Fargo site with offices, retail space and apartments.
The company proposes to build a 128-foot tall, 12-story structure with 238 apartments, nearly 67,000 square feet of office space, about 34,500 square feet of ground-floor retail and 244 parking spaces across a two-level, below-grade garage.
Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that profiles Arlington-based startups, founders, and other local technology news. Monday Properties is proudly featuring 1515 Wilson Blvd in Rosslyn.
As a commercial real estate broker, Greg Carpentier always felt he was missing or struggling to find two important pieces of information when negotiating office deals.
(Updated at 11:10 a.m.) After 80 years operating near Arlington Ridge, Anderson Orthopaedic Clinic is moving into a new office in Shirlington.
The clinic signed a lease for a new, 25,000-square foot space at 2800 Shirlington Road, an office building just over a mile as the crow flies from its current location at 2445 Army Navy Drive.
Arlington County is looking to buy and eventually redevelop an office building on Columbia Pike.
The county says the vacant, three-story building at 3108 Columbia Pike would make a good home for both the Columbia Pike library branch — currently located on the ground floor of the Arlington Career Center — and affordable housing. Until that project materializes, it will serve as a parking lot.
The pandemic has moved office work to the home. As at least some of that work moves back to office buildings, the next frontier might be outdoors.
In Arlington, a recently-renovated 1980s office building in Courthouse offers a glimpse of a greener office future, with a year-round outdoor working space.
Ballston Building to Be Renovated — “Arlington’s Monday Properties has made two new office building acquisitions as it banks on workers across the market returning to their offices in the coming months. The commercial property owner and developer has purchased the former home of CACI International’s headquarters, Three Ballston Plaza at 1100 N. Glebe Rd. — for $118 million. The 330,000-square-foot property, one of the most prominent in Ballston, will get a Gensler-designed renovation to help it compete in the modern commercial office environment.” [Washington Business Journal]
Rescued Dog Seeking New Home — “[Several] weeks ago, a young, mixed breed dog was rescued after being trapped between two fences alongside I-395. Since then, the Animal Welfare League of Arlington, which renamed the dog “Benito,” has been helping him feel happier and more confident. ‘We were unable to find Benito’s owner, so he’s looking for a new family to call his own.'” [Patch]
In late 2019, Arlington’s rate of vacant office space was at a six-year low, 15.5%, and poised to continue dropping.
But the pandemic reversed that trend, and today, the vacancy rate hovers around 20%.
Taller Crystal City Buildings? — “With all of the new projects proposed for the area, developers have been increasingly urging Arlington County to consider bumping up maximum building heights to allow for striking new designs to remake the Crystal City skyline. Led by the area’s dominant property owner, Amazon landlord JBG Smith Properties, this effort has the county on the precipice of allowing more structures there to reach 250 or even 300 feet tall along Richmond Highway.” [Washington Business Journal]
New Scooters on Local Roads — “Bird is rolling out its Bird Three, the world’s most eco-friendly shared scooter, in Arlington. Arlington will be one of the first cities in the DMV to have an exclusive fleet of Bird Three e-scooters. When Arlington residents choose to ride a Bird Three down to dinner at the Crossing Clarendon or to start their holiday shopping early on Rosslyn, they’ll have the safest and smartest riding experience possible.” [Press Release]
A proposed development for the Xerox building in Rosslyn is under review by county planning staff.
Building owner and financial services company TIAA, along with its real estate management arm, propose to tear down the building at 1616 Fort Myer Drive and build a 30-story, 691-unit apartment tower in its place.
