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McLean, VA 22102United States
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Phone:&
nbsp;
703.
288.2700
Managing Director:&
nbsp;
Keith
Lipton
Area OverviewTysons Corner is centrally located in Northern Virginia, which
comprises Arlington, Fairfax, Loudoun,
Prince William counties and the cities of Manassas, Falls Church, Fairfax and Alexandria. In addition, Tysons Corner forms
part of the Washington
Metropolitan Area, which includes the District of Columbia and surrounding counties in Suburban Maryland and Northern Virginia. The
Metropolitan Area is the ninth largest urban centre in the United States with more than 6 million residents, and boasts one of the lowest
unemployment rates in the country. When combined with Baltimore and its suburbs, the Baltimore-Washington
Metropolitan Area has a
population exceeding
8 million residents, the fourth largest in the country.
Northern Virginia
plays an
important role in the region and has one of the best-educated workforce within the United States. The federal government accounts for
approximately one-third of the region’s economy; however, Washington has a growing, diversified economy with an increasing
percentage of
professional and business service jobs.
Top employers include those in the fields of energy, information and communication technology,
aerospace, defense, security and intelligence, and biotechnology.
The Washington
Metropolitan Area also has growing industries not directly related to government,
especially in the areas of education, finance, healthcare,
hospitality,
public policy, and scientific and medical research. George Washington University, Georgetown University, Washington
Hospital Center, Howard University, and Fannie Mae are the
top five non-government-related
employers in the city. A total of
18 Fortune 500
companies’ headquarters are located within the Washington
Metropolitan Area.
According to the Greater Washington Board of Trade
Report, the nation’s
capital receives considerable amounts of foreign direct investment from the United Kingdom, Western
Europe, and Canada. In addition,
Japan, India, Israel, and South Korea are amongst the
top countries with
companies operating in the region.MarketsOfficeNorthern Virginia has more than 160 million square feet of existing office
space and is the largest of the three jurisdictions that make
up the Washington
Metropolitan Area. The entire Washington
Metropolitan Area, which
encompasses the District of Columbia, Suburban Maryland as well as Northern Virginia,
comprises more than 360 million square feet of existing commercial office
space.RetailBlessed with the highest real income and
spending power of all the major metro regions within the U.S., Washington-area residents
support a diverse and thriving retail market. The region contains more than
280 million square feet of retail
space of all
types, ranging from lively urban scenes in Georgetown, Adams Morgan and Bethesda to high-end
shopping areas, including the Tysons Corner Center, the largest
shopping mall in Virginia.
IndustrialThe Washington region’s
industrial market
comprises nearly 200 million square feet with core
industrial locations along the I-95, the major north-south access corridor of the Eastern United States, and near Dulles International
Airport.InvestmentThe Washington region remains one of the most sought-after investment locations in the U.S. It
tops many investors’ lists due to its overall stability, long-term
performance and the
presence of the federal government.
Avison Young in Tysons
CornerAvison Young opened its Tysons Corner office in
2010 as
part of the
company’s acquisition of
Appian Realty Advisors LLC, a Northern Virginia-based agency leasing, tenant-
representation and
project-management firm.
Appian has since been rebranded as
Avison Young. In 2011
Avison Young acquired Millennium Realty Advisors, also in Tysons Corner. With this latest acquisition,
Avison Young achieved another milestone in the
company’s aggressive U.S.
expansion program while increasing the firm’s
presence in Northern Virginia and leveraging the firm’s offerings to the rest of the region. Due to the U.S.
Capital Region’s key
geographic location and essential role in global economic and governmental activities,
Avison Young’s Washington
Metropolitan Area team is well
positioned to facilitate multi-market, cross-border transactions in conjunction with all
Avison Young offices.
Media contacts:&
nbsp;
Keith
Lipton
Research contacts:&
nbsp;
Margaret Donkerbrook
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