DC is Losing Jobs to Virginia

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

Are there any stats to back this up?.

Reported in April 2023: “Virginia has gained 99,900 jobs in the past year, a job growth rate of 2.5%, outpacing Maryland’s annual job growth rate of 1.3%. Maryland has gained 35,900 jobs in the past year.”

With Amazon doing RTO that’s at least a few thousand more jobs in VA than in the past, and that’s just one company.

It's primarily in the south. Everyone loves to bring up amazon, but that's not panning out how it was originally promised.

https://roanoke.org/2023/07/06/roanoke-region-boasts-highest-job-growth-rates-in-30-years-outperforming-state-and-most-virginia-metros/

Have you been to Pentagon City recently? It’s a pretty noticeable transformation that’s not even done yet, and in the next few years the new Virginia Tech campus in Potomac Yard will bring more jobs and residents.

That's what you have been saying for the past 2 decades. But Maryland is still strong. The richest state in the country (by HHI), and the best suburbs to live in the DMV are mostly on the MD side. Try harder.
https://www.niche.com/places-to-live/search/best-suburbs/m/washington-dc-metro-area/

lol, the first three results are made up places. Why are people too embarrassed to say they live in Rockville?

dp.. regardless, that post still stands.

-Rockville resident

Sure, all of arlington is one neighborhood and so are south Kensington, stone ridge, Bethesda, north Bethesda and Rockville.

[Anonymous]

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

-MoCo resident

Same. I thought my company was going to make us go back to the office. They're not. I'm in IT and making $275K a year living in MoCo.

[Anonymous]

Anonymous wrote:

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

-MoCo resident

Same. I thought my company was going to make us go back to the office. They're not. I'm in IT and making $275K a year living in MoCo.

pp here.. me, too. In IT.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

Are there any stats to back this up?.

Reported in April 2023: “Virginia has gained 99,900 jobs in the past year, a job growth rate of 2.5%, outpacing Maryland’s annual job growth rate of 1.3%. Maryland has gained 35,900 jobs in the past year.”

With Amazon doing RTO that’s at least a few thousand more jobs in VA than in the past, and that’s just one company.

It's primarily in the south. Everyone loves to bring up amazon, but that's not panning out how it was originally promised.

https://roanoke.org/2023/07/06/roanoke-region-boasts-highest-job-growth-rates-in-30-years-outperforming-state-and-most-virginia-metros/

Have you been to Pentagon City recently? It’s a pretty noticeable transformation that’s not even done yet, and in the next few years the new Virginia Tech campus in Potomac Yard will bring more jobs and residents.

That's what you have been saying for the past 2 decades. But Maryland is still strong. The richest state in the country (by HHI), and the best suburbs to live in the DMV are mostly on the MD side. Try harder.
https://www.niche.com/places-to-live/search/best-suburbs/m/washington-dc-metro-area/

lol, the first three results are made up places. Why are people too embarrassed to say they live in Rockville?

dp.. regardless, that post still stands.

-Rockville resident

Sure, all of arlington is one neighborhood and so are south Kensington, stone ridge, Bethesda, north Bethesda and Rockville.

? you clearly don't live around "south Kensington, stone ridge, Bethesda, north Bethesda and Rockville".

LOL

-Rockville resident

[Anonymous]

Anonymous wrote:

Anonymous wrote: Virginia is rightly defensive and paranoid. There is no reason for tourists to cross the river owned by DC and Maryland. Except to go to the hardscrabble polluting airports.

Where do tourists go in moco? Rio? DTSS?

they sure aren't going to Reston Town Center.

[Anonymous]

Anonymous wrote:This Washington Post interview makes an interesting point: “When large headquarters move to the metropolitan area, they almost never consider Maryland and D.C.,” said Yesim Sayin Taylor, executive director of the D.C. Policy Center. “They invariably locate in Northern Virginia, and that’s now snowballing. The Dulles corridor has become a huge attraction to technology companies.”

most major companies seek a large airport and good public transport. Hence why Amazon HQ2 also initially chose NYC. Notice, NYC has high taxes but it has LGA and a metro.

Arlington is close to DCA and metro into DC.

MoCo doesn't have an airport, and BWI is too far from DC.

That was really the only selling point for Arlington.

Also, notice that the data centers in NoVa are near IAD.

Most of the tech companies out in the SF area chose areas near SFO or SJC. SFO has BART, and SJC has caltrains and a lightrail.

It's about public transportation. I do agree that MoCo needs better public transportation by expanding the metro, but they aren't going to be able to build an airport.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

Are there any stats to back this up?.

Reported in April 2023: “Virginia has gained 99,900 jobs in the past year, a job growth rate of 2.5%, outpacing Maryland’s annual job growth rate of 1.3%. Maryland has gained 35,900 jobs in the past year.”

With Amazon doing RTO that’s at least a few thousand more jobs in VA than in the past, and that’s just one company.

It's primarily in the south. Everyone loves to bring up amazon, but that's not panning out how it was originally promised.

https://roanoke.org/2023/07/06/roanoke-region-boasts-highest-job-growth-rates-in-30-years-outperforming-state-and-most-virginia-metros/

Have you been to Pentagon City recently? It’s a pretty noticeable transformation that’s not even done yet, and in the next few years the new Virginia Tech campus in Potomac Yard will bring more jobs and residents.

Yes, I have, and it's a sprawling disaster. Anyways, it needs to show up in the numbers. Just saying, Amazon this or VTech that is meaningless.

Have you been to Bethesda? They keep constructing office buildings on every inch of land there also. Although at least it's nicely done and not a suburban hellscape like arlington.

Hhhmmmm - constructing office buildings while most workers are hybrid or work from home. Jamie Raskin kind of logic which for which Maryland is noted.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

Are there any stats to back this up?.

Reported in April 2023: “Virginia has gained 99,900 jobs in the past year, a job growth rate of 2.5%, outpacing Maryland’s annual job growth rate of 1.3%. Maryland has gained 35,900 jobs in the past year.”

With Amazon doing RTO that’s at least a few thousand more jobs in VA than in the past, and that’s just one company.

It's primarily in the south. Everyone loves to bring up amazon, but that's not panning out how it was originally promised.

https://roanoke.org/2023/07/06/roanoke-region-boasts-highest-job-growth-rates-in-30-years-outperforming-state-and-most-virginia-metros/

Have you been to Pentagon City recently? It’s a pretty noticeable transformation that’s not even done yet, and in the next few years the new Virginia Tech campus in Potomac Yard will bring more jobs and residents.

That's what you have been saying for the past 2 decades. But Maryland is still strong. The richest state in the country (by HHI), and the best suburbs to live in the DMV are mostly on the MD side. Try harder.
https://www.niche.com/places-to-live/search/best-suburbs/m/washington-dc-metro-area/

lol, the first three results are made up places. Why are people too embarrassed to say they live in Rockville?

dp.. regardless, that post still stands.

-Rockville resident

Sure, all of arlington is one neighborhood and so are south Kensington, stone ridge, Bethesda, north Bethesda and Rockville.

? you clearly don't live around "south Kensington, stone ridge, Bethesda, north Bethesda and Rockville".

LOL

-Rockville resident

Yes, South Kensington Deserves to be it's own neighborhood whereas National Landing, Lyons Park, Ballston, and North Arlington can just be classed as Arlington.

[Anonymous]

My observation: people who grew up in NoVA or MD stay in these states or gravitate back to them after a stint in DC/Arlington/Bethesda once ready to buy a home.

For transplants, it depends mostly on your friend group and your profession. As cited above the majority of people in IT with no family ties to either state would choose NoVA as there are tons more IT jobs there vs MD. If they work in life sciences MD suburbs may be a more likely choice.

I’m a 38 y/o and all my friends in this area ended up settling in Arlington/Alexandria/Fairfax County except one couple who moved to Columbia, MD because she grew up in Annapolis and has parents there still.

[Anonymous]

Anonymous wrote: Virginia is rightly defensive and paranoid. There is no reason for tourists to cross the river owned by DC and Maryland. Except to go to the hardscrabble polluting airports.

Or to do TikToks of Walmart, Target, and grocery stores getting rushed and robbed in DC. Or to get mugged in Baltimore, or to join a white supremacist group in Frederick, or to attend Trump rallies in Hagerstown.

[Anonymous]

Anonymous wrote:Job growth is not an issue in MoCo:

https://www.washingtonpost.com/dc-md-va/2023/08/09/montgomery-county-unemployment-low/

Also, this: "Across the D.C. region, only Arlington County and Fairfax County had a higher office vacancy rate than Montgomery over the last quarter"

Which begs the question why another poster is bragging about all the new office buildings being constructed in Bethesda.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: Virginia is rightly defensive and paranoid. There is no reason for tourists to cross the river owned by DC and Maryland. Except to go to the hardscrabble polluting airports.

Where do tourists go in moco? Rio? DTSS?

they sure aren't going to Reston Town Center.

But they do go to the nearby Udvar Hazy Air and Space Museum. Wonder why that wasn't built in Greenbelt near NASA. Oh, yeah, I remember -- the crime.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This Washington Post interview makes an interesting point: “When large headquarters move to the metropolitan area, they almost never consider Maryland and D.C.,” said Yesim Sayin Taylor, executive director of the D.C. Policy Center. “They invariably locate in Northern Virginia, and that’s now snowballing. The Dulles corridor has become a huge attraction to technology companies.”

most major companies seek a large airport and good public transport. Hence why Amazon HQ2 also initially chose NYC. Notice, NYC has high taxes but it has LGA and a metro.

Arlington is close to DCA and metro into DC.

MoCo doesn't have an airport, and BWI is too far from DC.

That was really the only selling point for Arlington.

Also, notice that the data centers in NoVa are near IAD.

Most of the tech companies out in the SF area chose areas near SFO or SJC. SFO has BART, and SJC has caltrains and a lightrail.

It's about public transportation. I do agree that MoCo needs better public transportation by expanding the metro, but they aren't going to be able to build an airport.

The only selling point for Arlington was the Cloud business from the nearby Pentagon. The rest of that was frou frou. Now the Cloud-- not so much

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: Virginia is rightly defensive and paranoid. There is no reason for tourists to cross the river owned by DC and Maryland. Except to go to the hardscrabble polluting airports.

Where do tourists go in moco? Rio? DTSS?

they sure aren't going to Reston Town Center.

But they do go to the nearby Udvar Hazy Air and Space Museum. Wonder why that wasn't built in Greenbelt near NASA. Oh, yeah, I remember -- the crime.

hm.. maybe it's because the Air and Space museum is near IAD, you know.. an AIRport?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This Washington Post interview makes an interesting point: “When large headquarters move to the metropolitan area, they almost never consider Maryland and D.C.,” said Yesim Sayin Taylor, executive director of the D.C. Policy Center. “They invariably locate in Northern Virginia, and that’s now snowballing. The Dulles corridor has become a huge attraction to technology companies.”

most major companies seek a large airport and good public transport. Hence why Amazon HQ2 also initially chose NYC. Notice, NYC has high taxes but it has LGA and a metro.

Arlington is close to DCA and metro into DC.

MoCo doesn't have an airport, and BWI is too far from DC.

That was really the only selling point for Arlington.

Also, notice that the data centers in NoVa are near IAD.

Most of the tech companies out in the SF area chose areas near SFO or SJC. SFO has BART, and SJC has caltrains and a lightrail.

It's about public transportation. I do agree that MoCo needs better public transportation by expanding the metro, but they aren't going to be able to build an airport.

The only selling point for Arlington was the Cloud business from the nearby Pentagon. The rest of that was frou frou. Now the Cloud-- not so much

Sure, that's the only reason

https://www.cnbc.com/2023/07/11/americas-top-states-for-business-2023-the-full-rankings.html