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Rents are rising for buildings close to Wiehle Avenue Metro Station

//April 18, 2016//

Rents are rising for buildings close to Wiehle Avenue Metro Station

// April 18, 2016//

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The 2014 opening of the Silver Line has helped push asking rents upwards for buildings located near the Wiehle Avenue Metro station in Fairfax County.

According to JLL, average rents have increased 23.6 percent since 2011 for all properties located within a quarter mile of
the station, and they increased 22.4 percent in 2015 for buildings in the Commerce Metro Center complex, located immediately south of the station.

The station is near Northern Virginia Community College, Marymount University Reston Center, Reston Town Center via the Washington and Old Dominion Trail and Plaza America shopping and offices.

JLL predicts that average asking rents in the micro market will increase even more once 1900 Reston Metro Plaza delivers in 2017. The 368,413-square-foot building is likely to eclipse the $50-per-square-foot threshold, a figure JLL says has not yet been reached outsideReston Town Center.

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