Rt 28/Dulles North

Washington - DC USA - Industrial Submarket

Industrial real estate intelligence for the Rt 28/Dulles North submarket. 59.0M SF of inventory with 1.4% vacancy. Data sourced from various MLS platforms.

59.0MSF

Inventory

1.5MSF

Available

1.4%

Vacancy

2.2%

Availability Rate

$21.04

Asking Rent

3.2%

Rent Growth

1.0MSF

12mo Absorption

12.2MSF

Under Construction

Market Metrics

12mo Delivered

836K SF

Under Constr % of Inv

20.7%%

Sale Price/SF

$350

Cap Rate

5.9%%

12mo Sales Volume

$268,731,038

Sales Vol Growth

-44.7%

Asset Value

$25,253,090,852

Net Absorption

+1.0M SF

Recent DC Sales in Market

Property	Price	SF	Buyer
Manassas Data Center	$65.0M	109,543	Amazon
SFO1	$119.3M	26,900	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
587 James S McDonnell Blvd (Part of a 10 Property Portfolio)	$15.7M	109,000	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
Building 2	$318.8M	433,895	Ares Management Corporation
Building 1	$236.3M	310,694	Ares Management Corporation

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
Parkway 66	81,152	$12.52 - 15.31 (Est.)	Matan, Inc.
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners
Valley Business Park	11,799	$22.00	Morris & Ritchie Associates, Inc.
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund

Data Centre Development Potential

Very tight vacancy (1.4%) in Rt 28/Dulles North indicates strong demand and limited available buildings. New construction may be required for data centre development. Active construction pipeline of 12.2M SF indicates developer confidence in the submarket. Positive net absorption of 1.0M SF over the past 12 months signals healthy demand fundamentals.