RB Corridor

Sales Volume

Select Condo Project Snapshots

UP OUTLOOK WHAT’S NEXT…

Pierce

Penzance Companies

Delivered, Selling

Total Units - 104

Units Sold - 72

Pace - 2.4/Month

Average Size - 1,700 SF Projected Sellout - High $900s PSF

With 2000 Clarendon sold out and Pierce wrapping up sales, the new condominium market in the Rosslyn-Ballston Corridor will likely be idle again soon. Urban Pace believes this submarket is ripe for new developments and conversions of office and/or hotel to condominium product, as the area continues to have an undersupply of newly built units. The corridor is well oriented for continued growth and is generally a more affordable option to prime DC neighborhoods. Another factor to consider is the new Silver Line extension. While ridership is still low compared to pre-pandemic, the extension has shifted the RB Corridor further from the end of the line closer to the middle, where it can now be a central location for people who commute to either DC or Reston. That said, it’s too early to draw conclusions, as Reston Town Center averaged only 440 daily boardings in December 2022. Can the extended Silver Line boost the RB Corridor as a residential hub for commuters heading in both directions? Time will tell.