Movin' On Up: Strategies driving Northern Virginia’s growth
The Weekly Take from CBRE - Un pódcast de CBRE - Lunes
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Regional economic development leader Victor Hoskins and CBRE’s Cathy Delcoco discuss Northern Virginia’s opportunities and challenges as well as its thriving real estate market.Share these insights from this week’s episode: · Northern Virginia is benefiting from substantial job growth, especially in the technology sector, including AI-related roles. Tech job growth supports demand for office space and housing. · High-quality, amenity-rich office space is seeing strong demand. Tenants are willing to pay a premium for Class A trophy buildings with amenities, despite downsizing due to hybrid work. · Older office buildings are being redeveloped into residential units or data centers. This represents an attractive buying opportunity for nimble investors.
