A Flurry Of Northern Virginia Property Sales

Summit II. Photo by JB Smith

RESTON, VA–A handful of office buildings are under contract or in negotiations, sources tell us. This should not be surprising: Northern Virginia’s fundamentals are flourishing, a trend that is expected to continue thanks to the recent Defense-friendly budget deal.

Last year, Northern Virginia experienced job gains of 20, 500, which was down from the 32, 000 jobs added in 2016, Cushman & Wakefield noted in its Q4 report on the region. But, it added, NoVA accounted for all of the growth in financial sector employment in the Washington DC area — a total of 3,600 new jobs — and for two-thirds of the job growth in the professional and business services category with 9,200 jobs year-over-year.