This particular transaction was an expansion and lease renewal.However Arlington has been attracting a number of new tenants asthe District grows more crowded and rental rates – especially forclass A and trophy buildings – continue to rise. In particular, thefederal government has been taking large chunks of space in thissubmarket. In May, the Department of Defense renewed a 235,983-sf lease withBethesda-based Lerner Enterprises at a class B office buildingin Arlington. Earlier this year, the US Patent and Trademark Officesigned a 10-year lease to occupy 168,468 sf at 2800 S.Randolph St. and the Social Security Administration renewed334,103-sf at 511 Leesburg Pike, which is owned by Vornado.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
