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Why 2016 Could be Route 28's Break Out Year For Office

LOUDOUN, VA—New cyber defense spending authorized by Congress could reinvigorate the office market next year.

By Erika Morphy | Updated on December 27, 2015

LOUDOUN, VA—Northern Virginia’s Route 28 submarket has not had an easy time of it since the recession and even before,  when vacancy rates of 21% plus were a fact of life. Of late, though, there have been signs that the office market is beginning to rejuvenate.

Chambers Street Properties has put the former AOL headquarters building on the market after having signed on Comcast for 30,000 square feet. The whisper asking price is $165 million for the four-building, 696,377-square foot complex.

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