Northern Virginia Stands To Benefit From Congressional Budget

The Capitol

WASHINGTON, DC–It has been clear that Northern Virginia’s commercial real estate community would benefit from the current regime in Washington, DC, with its focus on defense. A new research note from JLL drills into exactly where the most benefits will accrue.

This month Congress passed the Bipartisan Budget Act of 2018, a continuing resolution that extended funding at the FY 2017 level through March 23rd. The measure also raised spending caps for FY 2018 and 2019, for both defense and non-defense categories. The caps for defense spending saw a boost of $79.9 billion (14.6%) for 2018 and $85.0 billion (15.1%) for 2019, JLL noted.