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The Silver Line’s Surprising Effect on Commuter Patterns

While the existence of the Silver Line is shaping leasing fundamentals in Tysons, it hasn’t affected ridership, JLL says.

1900 Reston Metro Plaza: Reston’s first Trophy building on-Metro

WASHINGTON, DC–The Silver Line has not yet created a meaningful shift in commuter patterns even as office tenants seek space located on the Metro line, according to a JLL research note.

Since Silver Line began service in 2014, Tysons has seen 1.1 million square feet of office occupancy gains within a half a mile of a station, while experiencing 1.5 million square feet of occupancy losses off-Metro, JLL writes. “And tenants are willing to pay up for it, with rents for Trophy and Class A space on-Metro in Tysons commanding a 16% premium,” it adds.

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Erika Morphy

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.

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