Arlington's Economy Diversifies

Arlington has made quite a bit of economic news recently, and we don’t just mean the obvious announcement of Amazon’s HQ2 and the associated $2.5 billion investment, 4.1 million SF of office space, and 25,000 high-paying jobs that will finally trigger the revitalization that has been envisioned for the Crystal City, Pentagon City and Potomac Yards neighborhoods.

Nestlé USA’s HQ relocation from Glendale, CA in 2017 was a game-changer for Rosslyn. It put the neighborhood and the County deservedly on the map as an ideal location to operate a headquarters. The talented workforce, transportation infrastructure and quality of business environment were validated by the company’s move. March of Dimes’ recent HQ relocation from New York to Crystal City continues to solidify Arlington as the premier place in the U.S. to do business for nonprofits and associations. And Yext’s just-announced, 500 job expansion in Arlington is further exemplifying how Arlington, and the region as a whole, continues to diversify toward fast-growing, high-impact industries. Additionally, Booz Allen Hamilton, Bloomberg BNA and PBS have all recently renewed large leases to remain and grow in the Arlington.

A lot has changed in Arlington over the last few years, and we welcome the opportunity to share our visions for growth, programs for business engagement, and updates on incentives with the real-estate community. If you are interested in having AED come speak with your team, please reach out to Alex Taylor at [email protected]

Topic: Economic Update
 
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