Report | Northern Virginia Office Insight - Q4 2015
Although Northern Virginia’s four biggest deals in Q4 2015 were done with government agencies or contractors, other industries showed significant growth as the market continues to diversify its economic base.
Q4 2015 was the third straight quarter that saw positive net absorption, as many tenants continued to look to increase their overall footprint. 15 of the 30 largest deals last quarter were expansions.
There even more good news for tenants coming shortly. Office construction is set to increase in each of the next three years—with 1.1 million square feet of space set to deliver in 2016 alone.
Learn more about what’s happening—and what we expect to occur in the coming months—across the Northern Virginia office market in our Q4 US Office Insight.
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