Pentagon City

Named for its famous five-sided military hub, Pentagon City is the region's longstanding shopping capital with its dual anchors: the recently-renovated Fashion Centre at Pentagon City and the open-air Pentagon Row. As the bustling food hall and circling tour buses tell you, the Fashion Centre's 900,000 SF of retail is loved by locals and tourists alike. Right next door, Pentagon Row packages quality dining alongside home goods retailers in a town center setting with a multi-use outdoor promenade.

Joining these anchors will be the new headquarters of technology giant Amazon, who is investing more than $2 billion in the surrounding area after their November 2018 announcement. Straddling Crystal City and Pentagon City, the company will create at least 25,000 high-wage jobs over the next 12 years.

Even before Amazon's arrival, Pentagon City is evolving into a balanced neighborhood with the recent opening of more than 700 residential units and another 821 units approved and ready for construction. Buoyed by the new residential base, Whole Foods entered the market along with several regional and national restaurant chains.

 

Pentagon City Retail Profile (PDF)
 

Key Demographics

Population 1/4-Mile 1/2-Mile 1-Mile
Residents 3,504 14,399 25,623
Daytime 11,375 17,864 46,932
Educational Attainment      
Bachelor's or Higher 87.7% 84.3% 84.4%
Household Income      
Median $105,355 $96,059 $102,352
Average $150,245 $127,672 $132,879
Age      
20 29 22.3% 25.5% 24.5%
30 39 27.1% 27.0% 24.5%
40 49 15.4% 12.0% 12.0%
50 59 12.1% 10.5% 10.9%
Median 36.1 35.3 35.3

Source: ESRI (2018) - Radius from Pentagon City Metro Station
 

Transportation Statistics

Mode Count
Metro Boardings 12,118 Weekday
Daily Traffic Count 17,500 - 12th Street/Hayes Street
Walk Score 83 - Very Walkable

Source: Arlington County; Walk Score; WMATA
 

Development Summary

Type Existing Under Construction Approved
Hotel Keys 665 0 500
Office SF 1,216,872 0 1,809,000
Residential Units 6,503 440 821
Retail SF 1,708,234 10,739 75,719

Source: Arlington Economic Development - includes entirety of Urban Village
 

Large Employers

Company Count
Department of Defense 10,000 +
Drug Enforcement Administration 2,500 - 4,999
RAND Corporation 250  499
CSC Governmental Solutions 250  499
Management Systems 150 299

Source: Arlington Economic Development

 

Notable Restaurants

Basic BurgerBonefish Grill | California Pizza Kitchen | Chevys Fresh MexEpic Smokehouse | honeygrow | Lebanese Taverna | Matchbox | Namaste Everest (2019) | Nando's Peri-Peri | Shake Shack | Sweetgreen
 

Notable Shops

Best Buy | Commonwealth Joe Coffee Roasters | CorePower YogaCostcoThe Fashion Centre at Pentagon City | Harris TeeterMarshall's | Pentagon Row | Roosters Men's GroomingWhole Foods

 

Contact

Michael Stiefvater

(703) 228-0827

[email protected]

Copyright © 2019 Arlington Economic Development