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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.

"South Kensington" has been a thing for as long as I can remember, except we just called it Kensington and referred to "North Kensington" as the "wrong side of the tracks". Still holds true today.

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Anonymous wrote:The new FBI headquarters saga is a good example of how bad things are in Maryland.

Also Amazon, people will downplay its impact but it was pretty clear when Amazon looked at this metro area they wanted to be in close-in NoVA, not DC or MD.

Also Boeing, they moved their HQ from Chicago last year and picked NoVA.

Also Nestle, picked NoVA.

Meanwhile in the same timespan MD lost Discovery (which to be fair wasn’t doing well anyway so not MD’s fault) and had to fight to keep Marriott’s new HQ in MD.

Big company HQs aren’t everything but there is a clear pattern here. I work with startups in the area and most of them choose NoVA as well.

HQs location doesn’t mean much. What matters is where jobs and opportunities are. Many companies have their HQ in the Caymans Islands.
What is even more important is where people want to live. And it’s not always next to factories or office buildings.

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Anonymous wrote:I work in IT and we made this calculation when we moved to NoVa from DC 10 years ago. My spouse works in DC and we could have gone to VA or MD - but we knew my future opportunities would be in VA.

There is a lot to like about MD. It’s a better fit for us politically and it’s closer to visit family, but work commute and opportunities were more important.

10 years ago, that calculation made sense for IT professionals. The calculation is different in today’s world where most IT jobs are remote. I work in IT and was living in VA (Dulles Corridor). Since we are working remotely, we moved to MD for a better quality of life.

This. After the pandemic and being able to work remotely, we also moved to MD. I work in IT too.

Anonymous wrote:I work in IT and we made this calculation when we moved to NoVa from DC 10 years ago. My spouse works in DC and we could have gone to VA or MD - but we knew my future opportunities would be in VA.

There is a lot to like about MD. It’s a better fit for us politically and it’s closer to visit family, but work commute and opportunities were more important.

10 years ago, that calculation made sense for IT professionals. The calculation is different in today’s world where most IT jobs are remote. I work in IT and was living in VA (Dulles Corridor). Since we are working remotely, we moved to MD for a better quality of life.

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Publics are trash everywhere. Nova is a unplanned public hardscrabble. Md has all the privates and country clubs separated by Maryland’s Potomac river.

+1

We moved to moco for easy access to the privates. Covid exposed the NOVA public rot.

Can’t really get too excited about the idea of moving to MoCo for stuffy privates and then paying higher taxes all to underwrite MCPS’s expenditures of legal fees to defend allegations of sexual harassment and probe just how incompetent McKnight has been as superintendent.

Enjoy! Meanwhile we’ll take the greater job growth and equity appreciation across the river.

And UMD as your only real in-state public university—instead of UVA, William&Mary, VA Tech, JMU, GMU etc

B1G ten UMD, Annapolis, Georgetown and Hopkins all within a 30 mile radius is a vastly superior educational community. UMD alone has more national championships and alum have more nobels, pulitzers, emmys, academy awards and fields medals than all the Va colleges put together.

When did the Naval Academy, Georgetown, and Johns Hopkins become Maryland in-state public universities?

Just yesterday, fitness firm SolidCore moves HQ from DC to Rosslyn: https://www.bizjournals.com/washington/news/2023/08/18/solidcore-expansion-headquarters-rosslyn-altus.html

Anonymous wrote:The new FBI headquarters saga is a good example of how bad things are in Maryland.

Also Amazon, people will downplay its impact but it was pretty clear when Amazon looked at this metro area they wanted to be in close-in NoVA, not DC or MD.

Also Boeing, they moved their HQ from Chicago last year and picked NoVA.

Also Nestle, picked NoVA.

Meanwhile in the same timespan MD lost Discovery (which to be fair wasn’t doing well anyway so not MD’s fault) and had to fight to keep Marriott’s new HQ in MD.

Big company HQs aren’t everything but there is a clear pattern here. I work with startups in the area and most of them choose NoVA as well.

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Md is richer than Va because it’s more residential and more attractive land and planning. Va is more unplanned sprawl.

You do realize highly populated and economically successful parts of NoVA such as the Rosslyn-Ballston corridor of Arlington and Old Town Alexandria are used as case studies for some of the best urban planning in the country. Sure there are other parts that are typical poorly planned suburban sprawl but every metro area across the US has some of that.

Virginia gains more jobs because the state executes a mature economic development strategy and offers a climate attractive to corporations and residents alike.

Virginia has also capitalized on the federal agencies headquartered in the state. Maryland, by contrast, has not.

The new FBI headquarters saga is a good example of how bad things are in Maryland. The state offered two sites in areas lagging in economic development because of high crime, low performing schools, high tax burdens, low infrastructure investment, and a history of local government corruption. When the GSA released a set of reasonable metrics by which to assess the MD and VA sites, Maryland officials threw hissy fits, stamped their feet like preschoolers, and shouted, “it’s not fair, it’s not fair, it’s not fair!” They chose to advance a disingenuous and lazy “equity” justification for relocating the FBI headquarters to Maryland rather than investing in the targeted communities to make them more economically competitive with the Virginia.

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Md is richer than Va because it’s more residential and more attractive land and planning. Va is more unplanned sprawl and land used to work.. flush the toilet and leave to the rich side with all the privates, monuments, nations capital, best country clubs and entertainment venues.

You don’t get tired of posting this same screed?

This is the most ridiculous debate. You live within a few miles of each other on opposite sides of a river. Everyone in the metropolitan area has far more in common with each other than with anyone who lives an hour's drive from DC.

Freud called is the narcissism of small differences.

Md is richer than Va because it’s more residential and more attractive land and planning. Va is more unplanned sprawl and land used to work.. flush the toilet and leave to the rich side with all the privates, monuments, nations capital, best country clubs and entertainment venues.

MoCo is a bedroom community, not an economic engine, and while that has some advantages the disadvantages are greater, because the county has a finite tax base and a growing percentage of residents who, in the vernacular, are "takers."

This actually ended up being a factor in our decision re: buying a house in MoCo vs NoVa. We realized that the morning traffic was heavily skewed towards drivers coming into NoVA because this is where the jobs are. We realized that the majority of our career opportunities are here in NoVA so it just made sense to buy here.

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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.

The whole DMV (and the country) has a problem with high office vacancies. Companies that do want office space want new class A space with modern layouts so that is what is fueling the build of new offices while old ones sit with high vacancy rates. (for example Amazon built new instead of renovating the old office buildings in Crystal City)