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WASHINGTON, DC–By 2022, the Washington area’s network of Toll Roads and Express Lanes will reach every submarket in Northern Virginia, according to a study by JLL. Some examples of new construction: Last week the I-66 Inside the Beltway rush-hour Express Lanes opened. Construction began on November 20th on the I-66 Outside the Beltway project, which will add two Express Lanes in each direction for 22.5 miles. Work is also underway on adding Express Lanes along I-395 up to the DC line by 2019. Once these projects are complete, they will have an impact on nearby office vacancies, if history is any guide.

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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