Commercial Properties for Sale in Arlington, VA
Commercial properties for sale in Arlington, Virginia represent a significant element of the local real estate market. Home to roughly 225,000 residents, Arlington stretches out over 26 square miles and is one of the nation’s most affluent counties. That robust economy combined with a future job growth rate that is predicted to be 41.30 percent over 10 years, adds to the strength of the commercial real estate sector.
The delineation between residential and commercial properties can sometimes seem confusing, especially given that multifamily buildings for sale can be considered commercial due to their income generating nature. But generally speaking, the easiest way to define commercial real estate is that it’s property that can be purchased or sold for the means of business. That encompasses a lot of structures, including office buildings, storefronts, warehouses, mixed-use condominiums, movie theaters and much more.
Arlington, Commercial Properties for Sale
Arlington is made up of many different neighborhoods, from quiet suburban enclaves to busy urban corridors. The Rosslyn-Ballston corridor is one of the trendiest areas at present, beginning at Rosslyn on the Potomac River and heading west through Courthouse, Clarendon, Virginia Square and finally arriving in Ballston. The thriving restaurant and shopping scene in this area, along with office buildings and residential towers, lends to the competition among developers for commercial properties for sale.
It’s not limited to that corridor, of course. There are many other parts of the county that attract the attention of developers, from the Columbia Pike to Crystal City to Shirlington (the latter also known as Arlington’s Arts & Entertainment District). It is also worth pointing out the trend toward hybrid areas where residential and commercial continue to cross-pollinate. Arlington will continue to evolve, and that will mean more commercial properties for sale.