Loudoun’s Commercial Real Estate Investment Quadruples in One Year

From craft brewing to hops processing, and from companies working in outer space to companies working in cyberspace, Loudoun County, Virginia’s dynamic economy has enjoyed one of its best years ever. Loudoun Economic Development’s new annual report reveals that commercial real estate investment quadrupled in Loudoun County in just one year.

In the fiscal year that began in July 2014 and ended in June 2015, there was more than $1.3 billion in commercial real estate investment in Loudoun County. This represents a 459 percent increase over FY14, and is the largest investment recorded since Economic Development began tracking this metric.

“According to the New York-based financial technology firm SmartAsset, Loudoun was #1 in all of Virginia in new commercial investment in the last fiscal year,” said Loudoun Economic Development Director Buddy Rizer.

The investment was made by 57 companies that were recruited to or retained in Loudoun, and is a 46 percent increase over the number of companies assisted the year before. These companies added or retained more than 3,400 jobs and 3.7 million square feet of commercial real estate in Loudoun.

“This has been a real team effort, and our success would not be possible without the strong partnership of other agencies in Loudoun, like Planning and Zoning and Building and Development. We’re very fortunate to have the support of our business community, and benefit from great leadership provided by County Administration and the Board of Supervisors,” Rizer said.

Economic Development’s annual report is available online at biz.loudoun.gov/AnnualReport. Businesses that would like to know more about moving to or expanding in Loudoun should call 1-(800)-LOUDOUN.