Market Intelligence Manager
Metro stations and economic activity go together. This trend can be seen clearly in maps of job locations (by place of business) and is present throughout Northern Virginia. The Metro stations under construction in Reston and Herndon that will open with Phase 2 of the Silver Line are also located in areas of job density, but this is not the case for the last couple of stations – although there are several major employers within a few miles.
Some areas of density already on the map will continue to grow, but the newest areas will be in Loudoun County. The Metro stations in Loudoun County have the most land available for new development, and this confirms the positions elaborated on in our earlier entries about the suburban office renaissance and smart cities.
A factor supporting the development potential of the Loudoun County land near the stations is that several region-leading clusters of activity in advanced industries are already nearby:
- The information sector (major employers include Verizon, AOL);
- Transportation and warehousing (many employers at Dulles International Airport);
- Manufacturing (particularly advanced manufacturing in aerospace and defense; major employers include Raytheon and Orbital ATK).
These are industry clusters that the Department of Economic Development works to attract and grow. These new developments go in spaces that were gaps on the map in between existing clusters of jobs, and they promise to knit together parts of the Dulles Technology Corridor already having major employers into a cohesive economic community.
The transit-oriented developments around the Ashburn, Loudoun Gateway, and Innovation Center stations are at varying points in planning and construction. The difference these developments make when they come online will show up on the map, continuing the trend of Metro stations as magnets for economic growth. They also help to build the tax base and locate jobs where they will require less distance to commute.
Please email us or call 1-(800)-LOUDOUN to learn more about how growing your business in Loudoun is #LoudounPossible.
The job density of these different sectors was gathered from the OnTheMap tool (2014 data) made available by the U.S. Census Bureau.