Loudoun's Commercial Real Estate Investment Sees a 459% Gain in One Year (ICYMI)

“Best. Year. Ever.” That is how the Loudoun Economic Development’s Annual report describes this year’s success for Loudoun County’s commercial real instate investments.

“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,” stated a September 22nd press release from Loudoun Economic Development. “This represents a 459 percent increase over FY14, and is the largest investment recorded since Economic Development began tracking this metric.”

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

The report estimated that commercial real estate investment quadrupled in Loudoun County in just one year.

“This surge in commercial real estate investment is evidence that Loudoun’s economy is gathering momentum,” Loudoun Economic Development Director Buddy Rizer told Patch.com.

The report is available online at biz.loudoun.gov/AnnualReport.