The cost to rent an apartment is increasing in some parts of Fairfax County, but declining in others.
Four of seven corridors of the county posted year-over-year drops in median rental prices in November, while the other three showed increases, according to new data from Apartment List.
Fairfax County in October saw rising year-over-year apartment rents in most corridors except Tysons, which saw a decline but remains the priciest area countywide.
Six of seven areas across Fairfax posted median rent increases ranging from less than 1% to 7%, according to figures reported Oct. 30 by Apartment List.
The median rental cost for apartments in Tysons was down year-over-year last month but in most other areas of Fairfax County, it continued to rise, according to new data.
Tysons still maintained its ranking in September as the county’s most expensive corridor tracked by Apartment List, with a median rent of $2,389 for a one-bedroom unit and $2,865 for two bedrooms. But rental rates declined 0.7% year-over-year.
Apartment rental rates across Fairfax County pushed higher in August, bucking a national downward trend during the month.
Year-over-year median rental rates were up in six of the seven areas of the county surveyed by Apartment List. Updated figures were reported Aug. 28.
An apartment community near Dulles International Airport has changed hands.
The developers Bozzuto and Invesco Real Estate recently acquired Ashton at Dulles Corner — a 454-unit garden apartment complex at 13958 Mansarde Avenue in the McNair area south of Herndon — as part of a $330 million investment.
An office parking lot in Fairfax City will soon be replaced by more than 200 residential units.
Land and financing have been secured to develop The Botanist, a seven-story apartment building, at 10350 Eaton Place near the intersection of Fairfax Blvd and Chain Bridge Road.
A fire that destroyed several units in the Vista of Annandale apartments over the weekend was electrical in origin, the Fairfax County Fire and Rescue Department said yesterday (Tuesday).
Specifically, an “electrical event involving a surge protector” is what set an apartment building in the 7900 block of Charles Thomson Lane ablaze, the fire department says.
Apartment rental rates across Fairfax County continue to rise, even as national costs are falling.
All seven county corridors tracked by Apartment List showed year-over-year increases in July, according to new data reported last Wednesday (July 30).
A divided Fairfax City Council narrowly approved a major redevelopment plan at its July 22 meeting that will see a century-old home replaced with up to 276 apartment units, plus ground-floor commercial and retail space, on a key parcel in Old Town Fairfax.
The 4-3 vote to support the staff recommendation for redevelopment marked the conclusion of a nearly decade-old process to determine the future of the 2.7-acre site at 4131 Chain Bridge Road.
Firefighters battled both fire and water in the Reston area over the past weekend.
Firefighter injured in Herndon apartment fire
