CommercialCafe issued a new report that analyzed data provided by commercial property data and listing service CommercialEdge. The report says that the D.C. area currently has the most office space in suburban areas that is230.6 million square feet or about 58% of the region’s 400 million square feet of total office space. The largest suburban submarket in the D.C. area is now Tysons, Virginia, by far. Continue reading
Island Creek is located at 7550 Thomas Grant Drive Alexandria, VA 22315. Island Creek is situated at the South Eastern section of Fairfax County and has nearby roads like Telegraph Rd. and Beulah St. The real estate in this area includes townhouses, condominiums, and single-family detached homes. Island Creek is a short commute away from DC, Fort Belvoir, and Old Town.
The nearest metro stop is Franconia-Springfield Station. The nearest shopping center is at Kingstowne. Island Creek has a community center, tot lot, basketball court, tennis court, nature trails, and pool. Island Creek also has a pond where fishing is permitted.
Some suburban neighborhoods are not as attractive as they once were because of changing demographics and rising poverty, according to research by the Brookings Institution.
"We're seeing a radical transformation," says Chris Leinberger, visiting fellow at the Brookings Institution and professor of real estate at the University of Michigan.
Before home buyers pick a neighborhood, here are three basics they may want to check out:
Crime stats: Is there a rise in property crimes like breaking and entering and vehicle theft?
Are the schools still good? National sites like City-Data.com, GreatSchools.org, and SchoolDigger.com rate them and list test scores for comparison.
Have services been cut back? Check library hours, condition of public parks, and ask the neighbors what they think.
Selling A House As Is: What Does It Mean To You As The Buyer?
What goes through your mind when you see the term "as-is" in a property listing in Arlington? While some people may see this as a warning, others like real estate investors may see it as an opportunity. But what exactly does "as-is" mean?
6 Important Things That Most Home Buyers Regret Overlooking
It was the perfect home—until it wasn’t. Sadly a great number of buyers swoon over a home in Arlington, only to realize shortly after moving in that they overlooked something major, causing them serious buyers remorse.
5 Questions to Ask a Home Inspector in Northern VA
Home buyers in Northern Virginia are well advised to interview a home inspector before hiring that inspector. What should you ask if you're going to hire a home inspector in Arlington, Alexandria or Fairfax County? Here are a few ideas for questions.
Title insurance protects the policy owner against loss in the event that the property’s title or legal ownership is something other than insured. It helps ensure that the property owner is assuming clear title for the real estate being purchased. Title insurance is different than other types of insurance in that it offers protection against…
Two housing experts called for public policies that emphasize urban living at the expense of suburban and exurban housing in an extensive proposal in the current issue of Washington Monthly.
Patrick C. Doherty, director of the Smart Strategy Initiative at the New America Foundation, and Christopher B. Leinberger, a professor at the University of Michigan, argued that neither Baby Boomers nor their children — together comprising half the population — want to live in suburbia.
“Demand for standard-issue suburban housing is going down, not up, a trend that was apparent even before the crash. In 2006, Arthur C. Nelson, now at the University of Utah, estimated in the Journal of the American Planning Association that there would be 22 million unwanted large-lot suburban homes by 2025,” the authors wrote.
Instead, the authors urge federal support for development of urban, walkable, and transit-friendly neighborhoods. “All this rebuilding could spur millions of new construction jobs,” they write.
Source: Washington Monthly, Patrick C. Doherty and Christopher B. Leinberger (11/01/2010)