© 2019 by The Northern Virginia Association of Realtors®

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Welcome to the

DC. METRO REGION

Who We Are

At the heart of the United States capital, the Washington D.C. Metro region is more than just home to the federal government. This region includes parts of Maryland and Virginia, and is prized for its highly educated workforce, entrepreneurial spirit, and driven business and technology communities.

Tech, Talent and Transportation

The D.C. Metro Region has the highest share of residents with college degrees of any metropolitan area in the United States. This talent base supports high-level federal and private sector jobs that require a highly trained workforce. Often referred to as "The Silicon Valley of the East", the Washington D.C. area is the nexus of government, business, and technology. Served by three major international airports, the region offers local businesses a gateway to the world market

6.1 MILLION

residents

$93,000

median income

$400,000

median property value

63%

homeownership rate

40% OF US POPULATION

within 1-day drive

LEADING SEAPORT

for international trade on East Coast

Diverse Climate and Geography

Experence the four seasons of the D.C. Metro region. Enjoy beach fun and sunn in the summer and hit the slopes during the winter; all within a short drive from the nation's capital. Take a fall foliage tour along the Blue Ridge Parkway, and celebrate spring among the cherry trees surrounding the tidal basin.

Diverse geographical features stretching from the Chesapeake Bay to the Appalachian Mountains offer beautiful views and recreation opportunities, and support a flourishing tourism industry.

Entertainment and Tourism

An American history hotbed, the region has a decorated past going back to English colonization in the 1600's and even further with rich Native American culture. From Jamestown, Virginia, to the White House, the area attracts millions of visitors paying homage to its historical sites. Tourism in the capital attracted 22 million visitors from outside the city in 2016, and last year the Smithsonian Institute reported 30 million visits to its museums and sites in D.C. A record 45 million people visited Virginia in 2016, and Maryland welcomed over 42 million.

The D.C. metro region has a thriving and diverse entertainment industry. It is home to many performing arts venues, and has the second highest number of breweries anywhere on the East Coast. The MGM resort at the the National Harbor opened in 2016 and has already generated over $600 million in revenue for the state of Maryland. The newest Major League Soccer stadium, Audi Field, with a 20,000-seat capacity, is opening in 2018 for the local D.C. United club, adding to the area's prestigious portfolio of lucrative sports franchises.

OUR CULTURE

 

OUR WORKFORCE

COMMERCIAL VIABILITY

The D.C. Region is the

5TH LARGEST ECONOMY

in the United States

Contributing

$449 BILLION

in GDP in 2016

COMMERCIAL VIABILITY

At least

48.6%

of the population has a bachelor's degree or higher

OVER 60

colleges and universities serve

this region

OFFICE SPACE

2ND LARGEST

suburban office market in United States

15th most active in United States office construction

EMPLOYMENT

Unemployment rate:

3.6%

.5% lower than national rate

 

OUR COMMERCE

TRANSPORTATION

3

major international airports located in the region

2

of the largest rail companies operate in Virginia

3RD

largest transportation network in the US

The D.C. Metro was ranked as the #1 public transit system in the U.S. based on commute times, number of people riding and percentage of the population riding. The Metro continues to expand, with its next phase (45 miles west of D.C.) slated for completion in 2020.

INDUSTRY

22

Fortune 500 companies based in the D.C. region

64%

of U.S. aerospace industry centered in Virginia

70%

of worldwide internet traffic runs through Northern Virginia data centers

6%

VA corporate tax rate. Unchanged since 1972.

400+

foreign owned firms in the region