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Leesburg staff report shows new 35,000‑sq‑ft tenant and very low local vacancy rates
Summary
Economic development staff reported that DriveStream has leased about 35,000 square feet at the Village at Leesburg and presented CoStar market metrics showing Leesburg vacancy rates well below county and state averages, while noting the risk that persistently low vacancy could constrict space for future growth.
At the Jan. 7 meeting of the Town of Leesburg Economic Development Commission, staff reported that DriveStream has signed a lease for approximately 35,000 square feet at the Village at Leesburg.
Russell Seymour, delivering the staff economic update, said the Leesburg office vacancy rate measured by CoStar is about 4.8%, compared with 8.2% for Loudoun County and 12.9% statewide. Seymour reported industrial occupancy in Leesburg as…
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