13505 Dulles Technology Dr, Herndon, VA 20171: A Comprehensive Overview
Author: Dr. Anya Sharma, PhD, Urban Planning & Real Estate Development, George Mason University. Dr. Sharma has over 15 years of experience in analyzing commercial real estate markets in the Northern Virginia region, specializing in the Dulles Corridor.
Publisher: Northern Virginia Commercial Real Estate Insights (NVCRI), a leading publisher of market research and analysis for the Northern Virginia commercial real estate sector. NVCRI is known for its accurate, data-driven reports and its commitment to providing unbiased information.
Editor: Michael Davis, MBA, Certified Commercial Investment Member (CCIM). Mr. Davis has 20 years of experience in commercial real estate brokerage and investment analysis in the Washington, D.C. metropolitan area.
Keywords: 13505 Dulles Technology Dr Herndon VA 20171, Herndon Virginia commercial real estate, Dulles Technology Corridor, Northern Virginia office space, 13505 Dulles Technology Drive, Virginia commercial property, Herndon office market, Dulles Corridor real estate, commercial real estate analysis, Northern Virginia economic development.
1. Location, Location, Location: The Strategic Importance of 13505 Dulles Technology Dr, Herndon VA 20171
The address 13505 Dulles Technology Dr, Herndon VA 20171, sits squarely within the heart of the Dulles Technology Corridor, a thriving economic engine in Northern Virginia. This location offers unparalleled access to major transportation arteries, including Dulles International Airport (IAD), the Dulles Toll Road, and major commuter routes. Its proximity to the Washington, D.C. metropolitan area makes it a highly desirable location for businesses seeking a strategic advantage. The address itself likely represents a significant commercial property, potentially encompassing office space, research and development facilities, or a combination thereof. The specific nature of the building and its current occupant(s) would require further investigation, but the location alone speaks volumes about its potential value. Understanding the surrounding infrastructure, including access to public transportation, amenities, and the overall neighborhood character, is crucial to assessing the complete picture of 13505 Dulles Technology Dr Herndon VA 20171.
2. Market Analysis of the Surrounding Area: Understanding the Context of 13505 Dulles Technology Dr Herndon VA 20171
The Dulles Technology Corridor is characterized by a robust and dynamic commercial real estate market. Demand for office space, particularly Class A office space, remains high due to the concentration of technology companies, government contractors, and other high-growth businesses in the area. Analyzing vacancy rates, rental rates, and absorption rates for comparable properties near 13505 Dulles Technology Dr Herndon VA 20171 provides critical context for understanding the potential value and market position of this specific address. Factors such as the building's age, size, amenities, and condition directly impact its market value and desirability. Furthermore, considering the broader economic trends affecting Northern Virginia, including job growth, population growth, and overall economic health, offers further insight into the long-term prospects of the property at 13505 Dulles Technology Dr Herndon VA 20171.
3. Property Specifics and Potential Uses: Delving Deeper into 13505 Dulles Technology Dr Herndon VA 20171
To gain a complete understanding of 13505 Dulles Technology Dr Herndon VA 20171, one must explore property records to determine the building's size, age, and specifications. This includes understanding the building's class (A, B, or C), the amount of leasable space, and any unique features or amenities that might enhance its value. The building's current usage and its potential for future development or redevelopment are equally important considerations. For instance, is the property suitable for expansion? Are there opportunities for adaptive reuse? Answers to these questions shed light on the property's potential for generating income and its long-term value. A thorough analysis of the property's physical characteristics and its adaptability to various uses is crucial for a comprehensive assessment of 13505 Dulles Technology Dr Herndon VA 20171.
4. Economic Drivers and Future Outlook: Predicting the Trajectory of 13505 Dulles Technology Dr Herndon VA 20171
The continued growth of the technology sector, the presence of major government agencies, and the strategic location of 13505 Dulles Technology Dr Herndon VA 20171 all contribute to a positive outlook for the property's future. However, it is vital to consider potential challenges, such as fluctuations in the national and regional economy, competition from other commercial real estate markets, and potential shifts in industry trends. Analyzing future development plans in the immediate vicinity, infrastructure improvements, and changes in transportation networks can significantly affect the property's value and marketability. Therefore, a forward-looking perspective incorporating both opportunities and risks is essential for a comprehensive evaluation of 13505 Dulles Technology Dr Herndon VA 20171.
5. Comparative Analysis: Benchmarking 13505 Dulles Technology Dr Herndon VA 20171 against Similar Properties
To determine the fair market value of 13505 Dulles Technology Dr Herndon VA 20171, a comparative analysis against similar properties in the area is necessary. This involves identifying comparable properties in terms of size, age, condition, amenities, and location. By analyzing recent sales data and rental rates for these comparable properties, a range of potential values for 13505 Dulles Technology Dr Herndon VA 20171 can be established. This process helps determine whether the property is priced appropriately and whether it offers a competitive advantage in the market. Comparative analysis is a critical component of any thorough real estate valuation.
6. Environmental Considerations and Sustainability: Assessing the Impact at 13505 Dulles Technology Dr Herndon VA 20171
In today's environment, sustainability is a crucial factor influencing property value and desirability. An assessment of the property at 13505 Dulles Technology Dr Herndon VA 20171 should include an evaluation of its energy efficiency, environmental impact, and adherence to green building standards. This might involve reviewing the building's energy consumption, waste management practices, and the use of sustainable materials. Increasingly, tenants and investors prioritize environmentally conscious properties, making this a significant factor in the overall evaluation of 13505 Dulles Technology Dr Herndon VA 20171.
7. Legal and Regulatory Compliance: Navigating the Legal Landscape of 13505 Dulles Technology Dr Herndon VA 20171
Understanding the legal and regulatory landscape surrounding 13505 Dulles Technology Dr Herndon VA 20171 is paramount. This includes reviewing zoning regulations, building codes, environmental permits, and any other relevant legal documentation. Compliance with all applicable laws and regulations is crucial to avoid potential liabilities and ensure the property's smooth operation. Any legal issues or potential challenges should be carefully considered during the evaluation process.
8. Access and Amenities: The Surrounding Environment of 13505 Dulles Technology Dr Herndon VA 20171
The convenience and accessibility of 13505 Dulles Technology Dr Herndon VA 20171 are significantly enhanced by its proximity to various amenities. This includes restaurants, shops, hotels, and recreational facilities. Access to public transportation also plays a vital role in the overall desirability of the property. A thorough assessment should evaluate the quality and availability of these amenities, providing a more comprehensive understanding of the property's attractiveness to potential tenants and investors.
9. Conclusion:
13505 Dulles Technology Dr, Herndon VA 20171, represents a significant commercial property within a dynamic and thriving economic region. A thorough understanding of its location, market context, property specifics, economic drivers, and surrounding environment is crucial for accurately assessing its value and potential. A comprehensive analysis, encompassing both quantitative and qualitative factors, provides a holistic picture of this important address within the broader context of the Dulles Technology Corridor.
FAQs:
1. What type of commercial property is located at 13505 Dulles Technology Dr? This requires a property records search to determine the building's current use (office, R&D, etc.) and size.
2. What are the current rental rates for comparable properties in the area? Rental rates vary based on size, class, and amenities. Market research is needed to obtain current rates.
3. What is the vacancy rate for office space in the immediate vicinity? Vacancy rates fluctuate. Local real estate market reports will provide this data.
4. What are the major transportation options near 13505 Dulles Technology Dr? The location boasts excellent access to Dulles Airport, the Dulles Toll Road, and major commuter routes.
5. What is the zoning designation for this property? Zoning information is publicly available through local government records.
6. Are there any planned developments nearby that might impact the property's value? Checking local development plans will identify any potential future developments.
7. What is the estimated market value of the property? A professional appraisal is required for an accurate market value estimation.
8. What are the environmental considerations related to this property? An environmental assessment would be necessary to determine any environmental concerns.
9. What is the history of ownership for 13505 Dulles Technology Dr? This information can typically be found in public property records.
Related Articles:
1. The Dulles Technology Corridor: A Deep Dive into Northern Virginia's Economic Powerhouse: An in-depth analysis of the economic drivers, key players, and future prospects of the Dulles Corridor.
2. Office Space Market Trends in Herndon, Virginia: A detailed look at the current market conditions, including rental rates, vacancy rates, and demand for office space in Herndon.
3. Commercial Real Estate Investment Opportunities in Northern Virginia: An overview of investment prospects in the Northern Virginia region, highlighting key areas and potential returns.
4. Transportation Infrastructure and its Impact on the Dulles Corridor: An analysis of the transportation network supporting the Dulles Technology Corridor and its role in economic development.
5. Sustainability and Green Building in Northern Virginia's Commercial Real Estate Market: An exploration of sustainable building practices and their growing importance in the region.
6. The Role of Government Agencies in the Dulles Technology Corridor: An examination of the influence of government agencies on the economic growth and development of the region.
7. Comparative Analysis of Class A Office Space in the Dulles Corridor: A detailed comparison of various Class A office buildings in the Dulles Technology Corridor based on key features and amenities.
8. Economic Forecasting for the Northern Virginia Region: Predictions for future economic growth and its impact on the commercial real estate market.
9. Case Studies of Successful Commercial Real Estate Development Projects in Herndon, VA: Examples of successful development projects in Herndon, providing insights into strategies and best practices.
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