Northern Virginia contractors remain active amid downturn

Northern Virginia contractors remain active amid downturn 14 May 2020

DC Metro News & Insights

U.S. Defense Budget, up 32% Since 2015, Aligns Historically with Northern Virginia Office Growth

Q1 2020 Contract Awards Remain Unchanged YoY, Keeping Contractor Leasing Steady

75% of Prospective Office Tenants in Northern Virginia Remain Active

90% of Contractors Continue with Office Requirements Despite the Broader Downturn

U.S. Defense Budget Growth Suggests Contracts Will Grow 9% in 2020, Fueling 3 Million sf of Absorption Over the Next 24 Months


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