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Northern Virginia contractors remain active amid downturn
May 14, 2020DC 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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