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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=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?[/quote]

Are there any stats to back this up?.[/quote]

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.[/quote]

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/[/quote]

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.[/quote]

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.[/quote]

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