DC is Losing Jobs to Virginia

[Anonymous]

The CityCast DC podcast just had an episode with a Washington Business Journal reporter titled “DC is Losing Jobs to Virginia”
https://open.spotify.com/episode/1OKuIhD56t2RhcsBN0tuzS?si=Hw2KpTP0RNqkEqZXueQepA

Basic premise is that the DC Metro area is doing well but the recent job growth is largely tilted towards VA, with DC and MD not seeing the same booming job growth.

Reporter says he sees this being a long term trend. Thoughts on how this will impact residential real estate in the area?

[Anonymous]

Doesn't seem to be impacting our MoCo neighborhood. Very little inventory, and SFH going for $850K+. And new expensive TH/condos going up left and right.

[Anonymous]

It's going to be miserable for commuters between MoCo and McLean/Rt 7 when the American Legion bridge construction really gets underway

[Anonymous]

I think it's best to frame DC long-term as not the central corporate location but primarily for lawyers, lobbyists, interest organizations, etc.

Virginia will function as the center of regional commerce. perhaps something a bit like Paris and La Defense but on a vastly larger scale.

Maryland will be what it is, a bedroom community.

[Anonymous]

Traffic in and around VA is not worth it.

[Anonymous]

Anonymous wrote:I think it's best to frame DC long-term as not the central corporate location but primarily for lawyers, lobbyists, interest organizations, etc.

Virginia will function as the center of regional commerce. perhaps something a bit like Paris and La Defense but on a vastly larger scale.

Maryland will be what it is, a bedroom community.

Paris? Lololol

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think it's best to frame DC long-term as not the central corporate location but primarily for lawyers, lobbyists, interest organizations, etc.

Virginia will function as the center of regional commerce. perhaps something a bit like Paris and La Defense but on a vastly larger scale.

Maryland will be what it is, a bedroom community.

Paris? Lololol

No one equates La Defense with Paris proper

[Anonymous]

Anonymous wrote:Traffic in and around VA is not worth it.

+1

Far more MD to VA commuters than VA to MD. Not sure about DC.

That, and DC is not exactly welcoming to certain groups. Since you asked.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Traffic in and around VA is not worth it.

Far more MD to VA commuters than VA to MD.

Not a lot of people are commuting VA to MD because the jobs are mostly in VA.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Traffic in and around VA is not worth it.

Far more MD to VA commuters than VA to MD.

Not a lot of people are commuting VA to MD because the jobs are mostly in VA.

In particular, loudoun county

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Traffic in and around VA is not worth it.

Far more MD to VA commuters than VA to MD.

Not a lot of people are commuting VA to MD because the jobs are mostly in VA.

Md is more residential , private school, best country club place.

Va you go to work in a nasty beehive unplanned clutter.. flush the toilet ..cross back over Maryland’s beautiful Potomac river and c&o national park to a more beautiful living situation.

[Anonymous]

I wfh, so I don't really care. Also, a lot more companies are going hybrid.

-MoCo resident

[Anonymous]

Anonymous wrote:Doesn't seem to be impacting our MoCo neighborhood. Very little inventory, and SFH going for $850K+. And new expensive TH/condos going up left and right.

You can’t even get a condo for that in my VA neighborhood. SFHs are $1.7million-3.5million

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Traffic in and around VA is not worth it.

Far more MD to VA commuters than VA to MD.

Not a lot of people are commuting VA to MD because the jobs are mostly in VA.

Md is more residential , private school, best country club place.

Va you go to work in a nasty beehive unplanned clutter.. flush the toilet ..cross back over Maryland’s beautiful Potomac river and c&o national park to a more beautiful living situation.

You realize there is Great Falls and all the beautiful parks throughout Arlington/Alexandria/Oldtown/Mt Vernon. Cross chain bridge into VA sometime. Lol

[Anonymous]

Anonymous wrote:Doesn't seem to be impacting our MoCo neighborhood. Very little inventory, and SFH going for $850K+. And new expensive TH/condos going up left and right.

To the extent this thread is another excuse for VA and MD to spar, the most telling thing about this post is the observation that SFHs in MoCo neighborhoods are going for $850K+, as if that demonstrates MoCo’s vibrancy.

In NoVa people would be pointing to all the townhouses going for $850K+ and SFHs going for well over $1.2M.