Verity Commercial’s mother and daughter in-law team have been leaders in the Vienna market for more than 20 years and continue to lead as the market rises.
The Bechtle team’s work in Vienna represented 25 percent of Verity Commercial’s transactions over the past year. This would explain why Verity has the most commercial real estate signage in Vienna.
Vienna is a unique market, with the majority of commercial real estate consisting of smaller, unusual retail buildings that historically lease for less than neighboring regions such as Tysons Corner and Fairfax. Over the past three years however, Vienna has seen a dramatic increase of 43 percent in average retail rates. Prime retail real estate space in Vienna is now leasing for as much as $50 per sq. ft. triple net. Church Street is following suite, with retail prices pushing $38 per sq. ft.
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