Approximately 86% of the region’s new office construction is occurring within one-quarter mile of Metrorail stations, 93% within the half-mile walk sheds.
A Washington Post article from October 2013 made a staggering assertion: That 84% of new office construction in the region is occurring within one quarter mile of a Metrorail station, according to Jones Lang LaSalle and other data sources. As we continue to dig into walk sheds and the land-use/transportation connection, we thought we would revisit this assertion and update it for 2015.
Since the Post article was written, we have begun to plan for near-term capacity constraints that might result from increased ridership caused by new households and jobs near Metro. And part of this planning is gaining insight as to where and when new housing units and office space may come online through real estate industry data sources. Through this research, we are able to update the statistic above:
86% of new office construction in the Washington region is occurring within one-quarter mile of a Metrorail station.