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Neighboring Markets Diverge on Trends

TYSONS CORNER, VA-Northern Virginia is close to DC but in many ways different. The investment and development cycles of this unique market get their focus next week at RealShare Northern Virginia.

By Erika Morphy | Updated on November 28, 2006

TYSONS CORNER, VA-Traditionally growth and development in the Northern Virginia and Washington, DC markets have moved in tandem. In many ways, of course, this has not changed, especially for Virginia counties nearest the District. Investment sales activity for instance, shows little sign of slowing in either market. That said, it is also clear that with other issues–transportation, for instance, and government real estate investment patterns–the two markets diverge in focus.

Last year, the RealShare Conference Series introduced its first conference tailored to the Northern Virginia market in addition to its traditional DC gathering. “Not only is the Northern Virginia market large enough in its own right to warrant its own conference, but some issues tend to be more important to Northern Virginia investors,” Rich Kelley, director of the series, tells GlobeSt.com. Real Estate Media, which publishes GlobeSt.com and Real Estate Forum magazine, produces the RealShare Conference Series.

This year’s conference, to be held on Dec. 5 at the Hilton McLean in Tysons Corner, will focus on issues specific to this market as well as larger topics relevant to both DC and Northern Virginia, he says. Kelley says that between 200 and 300 people are expected to attend.

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