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Office Insight

United States | Northern Virginia

Report | Northern Virginia Office Insight - Q3 2015

Summary

While energy, education, and finance companies continue to expand in Northern Virginia, government agencies and contractors still have an enormous influence on the market. 

Three of the largest six leases this quarter were signed by government agencies, with the  Transportation Security Administration signing the largest lease of the quarter, taking 625,000 square feet at Victory Center in Alexandria. 

Three of the four largest tenants in the market are government agencies, including a new 500,000-square-foot cyber center. Cybersecurity is one segment of government that is expected to receive increases in funding despite continued cutbacks related to sequestration.

Learn more about what’s happening—and what we expect to occur in the coming months—in the Northern Virginia office market.

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