Arlington Commercial Real Estate & Development
Arlington's commercial real estate corridors are thriving centers of activity. Mixed use spaces across Arlington are dotted with trophy office space, quality multifamily living, award-winning cultural amenities and standout dining and shopping.
Even with the existing supply exceeding 44 million square feet of office space and over 9,500 hotel rooms, Arlington maintains a forward-looking strategy that includes a robust pipeline of new development ready to accommodate expected commercial and residential growth.
To address recent shifts in the economic market, Arlington established CMRI which is looking into new ways to modernize regulations and processes to create a more flexible commercial environment. Arlington is taking bold, strategic action to shape the future of commercial real estate. CMRI is our commitment to creating a more flexible, responsive regulatory environment — one that empowers innovation, fuels reinvestment, and keeps Arlington competitive in a changing economy. By removing outdated barriers and rethinking how we use space, we’re paving the way for dynamic, market-driven solutions that align with how people live, work and do business today.
In November 2024, the County Board advanced this vision by adopting a new adaptive reuse policy, opening the door for aging office buildings to become vibrant, multi-use spaces. This effort not only tackles rising vacancy rates — it reinvigorates our commercial corridors and creates new opportunities for growth. As we move into CMRI 2.0, Arlington will focus on five high-impact areas: office conversion, repositioning, redevelopment, tenant support, and placemaking. With multiple studies already in progress, this work reflects our proactive, solutions-oriented approach to building a stronger, more resilient commercial market.