Construction of new office space was more heavily concentrated near Metro stops in 2017, according to a new report from the Metropolitan Washington Council of Governments.
The new Commercial Construction Indicators Report shows that while overall commercial construction declined last year, there was a boost in office space. About 83 percent of that office space was built within a half mile of a Metro stop, the report said.
The total number of new commercial buildings—including offices, retail, industrial, hotel, and hospital space—numbered 144 in 2017. That’s down from 160 in 2016, and represents a drop of 1 million square feet.
But, construction of new office space alone rose from about 3.2 million square feet to 4.8 million square feet. That’s the highest total since 2014.
All of the new space was comprised in 24 buildings, including the 700,000 square-foot headquarters of the National Science Foundation in Alexandria. That building, near the Eisenhower Avenue Metro stop, follows a trend of more office built near transit. Fifty-four of the region’s 91 Metro stations have a commercial project nearby. Between 2013 and 2016, projects near Metro stations comprised 35 percent of all construction, but that rose to 37 percent in 2017.
There were 12.6 million square feet of commercial construction near Metro stations in 2017.
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