Arlington County triumphantly declared last week that it has made significant strides in its battle against the millions of square feet of empty office space, thanks to a number of new or expanding companies headlined by Amazon.com Inc. (NASDAQ: AMZN). What's more, in just the past year, it closed on some 26 deals representing 7.2 million square feet of office space and 43,000 jobs. Not a bad high note to go out on for Victor Hoskins, who pledged three years ago to bring the county's office vacancy rate to around 10% inside of six years, as he prepares to take the top economic development post in Fairfax County next month. Read More...
Arlington’s office market is on the mend, but may not be quite as healthy as the county says
Arlington County triumphantly declared last week that it has made significant strides in its battle against the millions of square feet of empty office space, thanks to a number of new or expanding companies headlined by Amazon.com Inc. (NASDAQ: AMZN). What’s more, in just the past year, it closed on some 26 deals representing 7.2 million square feet of office space and 43,000 jobs. Not a bad high note to go out on for Victor Hoskins, who pledged three years ago to bring the county’s office vacancy rate to around 10% inside of six years, as he prepares to take the top economic development post in Fairfax County next month.
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