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ADP market report: Alexandria sees office vacancy fall and job retention amid federal relocations

Alexandria City Council · February 10, 2026

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Summary

Alexandria Economic Development Partnership told council that office vacancy fell to about 2.7%, driven by conversions and removals from inventory; ADP credited retention and attraction activity — including HUD and NSF moves — with retaining and adding thousands of jobs.

The Alexandria Economic Development Partnership presented its midyear market report to council during the Feb. 1 meeting, linking economic trends to the upcoming budget calendar. Christina Mindra, ADP vice president of real estate, said office vacancy citywide dropped and attributed the movement to conversion of older offices and the removal of vacant properties from inventory.

Key figures cited: citywide office vacancy at roughly 2.7 percent, a drop of approximately 2.5 percentage points since the last report; HUD’s headquarters relocation to Alexandria is expected to add about 2,700 jobs, and National Science Foundation lease activity will retain about 1,600 jobs. Mindra said ADP’s retention and attraction work helped retain and add more than 4,000 jobs — about 4% of the city's job base — over the reported period. Retail vacancy remained low at about 4.6 percent, with roughly half of new retail openings independently owned.

The city manager and ADP framed the economic report as context for the FY27 budget cycle, noting a budget presentation scheduled for Feb. 24 and numerous public sessions planned through April ahead of budget adoption. Councilmembers asked questions about vacancy drivers by submarket, retail access in the West End and data on business longevity — ADP staff said they track openings reliably but do not systematically record all closings unless flagged via press releases or CRM relationships.

The presentation informed council discussion of economic conditions but did not include binding financial decisions; the budget schedule and joint ACPS/city calendar were presented as the framework for upcoming budget deliberations.