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Vacancies Are Realigned Along the Silver Line Route

Much of the activity is happening at the newer buildings in these submarkets, such as Tysons Tower and 1775 Tysons Blvd.

By Erika Morphy | erikamorphy | Updated on September 18, 2017

DC metro station

WASHINGTON, DC–Since the Phase I of the Silver Line opened in 2014, leasing dynamics have changed dramatically in the area, according to a new analysis by JLL. Namely, in Tysons, vacancy for Class A buildings located within a half mile of Metro decreased 890 basis points since 2014, while vacancy increased 1,250 basis points in Class A buildings that are beyond a half mile from the Metro.

Likewise for Reston, where Class A vacancy dropped 1,120 basis points for buildings within a half mile of the Wiehle-Reston East station. Class A vacancy also fell 210 basis points for buildings beyond the half mile as the scheduled 2020 opening of Phase II of the Silver Line will add three more stations along the Toll Road. However, Class B office buildings beyond a half mile from Metro are posting nearly double the vacancy, just below 20%.

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