NRP Highland District, Modera at Kirkwood, Ames Center revelopment, Rosslyn show appetite for luxury rentals

Luxury residences continue rising in Northern Virginia

Despite a softening in rental prices, pivotal planned projects continue

Construction on luxury residential units continues in the Northern Virginia Region despite the fact that apartment rental prices have been depressed during the pandemic-induced economic softening in the area. Northern Virginia rental rates dropped more than 7 percent, according to a Washingtonian report in October. Nonetheless, pivotal projects in the region are ongoing based on projected demand, particularly in neighborhoods that are being transformed into more walkable communities.

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