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Median home prices rose 9% in Va. since 2021
The cost of buying a home in Virginia increased nearly 9% in the past year, according to a March 21 report from Virginia Realtors. The statewide median sales price in February was $350,000, or $28,550 higher than it was in February 2021. That’s an 8.9% increase and the sharpest gain since June 2021. Not only […]
Report: Va. data center projects totaled $6.8B in 2021
Data centers are a primary driver of economic growth in Virginia, comprising $6.8 billion or 62% of all major economic investments announced last year by the Virginia Economic Development Partnership, according to a new report released Thursday by the Northern Virginia Technology Council (NVTC). While the total for 2021 represents a decrease from 2020, when […]
Third quarter strong for Va. CRE market, Realtors group says
Virginia’s commercial real estate market showed signs of strength in the third quarter, according to a report released Monday by Virginia Realtors. Office markets in Northern Virginia, Richmond and Hampton Roads have been more resilient than smaller markets, with a key factor being the strength of the high-end Class-A office space market. It’s in demand […]
National Landing to see $4B in transportation investment during next decade
A report released by the National Landing Business Improvement District (BID) on Tuesday details $4 billion worth of area transportation projects that will be underway during the next decade. The National Landing area includes Arlington’s Crystal City (where e-commerce giant Amazon.com Inc. is establishing its $2.5 billion East Coast HQ2 headquarters), Pentagon City and Potomac […]
