Arlington County is home to about 230,000 people and has seen a 13 percent population increase in the last decade, according to the Census Bureau. For comparison, that’s about the same as Madison, Wisconsin or Scottsdale, Arizona.
Its median home sales price, $553,000, is much higher than the national median of $220,000 according to residential real estate company Trulia. Still, that’s cheaper than the $685,000 median home price in Seattle, where Amazon’s current headquarters is based.
Its cost for office space is cheaper than the national average. In Northern Virginia, top-of-the-line central office space costs $35.40 per square foot — lower than the national average of $37.35 and Seattle’s average of $38.73, according to Q2 2018 estimates by commercial real estate company Cushman & Wakefield.
At 19.4 percent, its vacancy rate for Class A office space is also higher than the U.S. average of 12.3 percent, meaning that it will be easier than average for Amazon to lease space there. It’s much more difficult to find office space in Seattle, whose vacancy rate is under 8 percent.
It’s an 11-minute metro ride from downtown Crystal City to Ronald Reagan Washington National Airport, the preferred D.C. airport. That’s faster than most other HQ2 cities. It takes about 22 minutes by car — without traffic — and nearly 50 minutes by mass transit to reach the Seattle airport from Amazon’s original headquarters.
Crystal City is also an 11-minute drive to Capitol Hill without much traffic.
The average wage for tech talent in nearby D.C. is $111,111 a year — the second-most-expensive finalist city after New York, according to real estate research company CBRE. It’s a little less than the $117,000 a year tech workers are paid in Seattle.
D.C. ranked third among U.S. cities as the best place for tech talent, in CBRE’s annual roundup. Seattle ranked No. 2 this year.
It’s located near many higher-education institutions, including Georgetown, George Washington and American universities.