Why Old Town?
Proximity to Washington, D.C.: Situated just minutes from the nation's capital, Old Town offers unparalleled access to federal agencies, major employers, and a vast customer base, enhancing its appeal for businesses and residents seeking convenience and connectivity.
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Vibrant Live/Work/Play Environment: The King Street Mile, a walkable stretch of centuries-old architecture, serves as the heart of Old Town's commercial activity. This area is home to over 200 independently owned restaurants and boutiques, creating a dynamic and diverse marketplace that attracts both locals and tourists.
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Historic Charm: Renowned for its well-preserved 18th- and 19th-century buildings, Old Town's aesthetic appeal enhances its desirability among residents and visitors alike. The blend of historic architecture and modern amenities creates a unique environment that supports a thriving commercial sector.
​Affluent Demographics: The area boasts a high-income population, indicating strong purchasing power and economic stability. This affluent demographic supports a robust retail and service industry, providing a solid foundation for commercial investments.
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Post-Pandemic Appeal: In the wake of the COVID-19 pandemic, Old Town's blend of urban amenities and suburban charm has become increasingly attractive to those seeking a balanced lifestyle. The neighborhood's walkability, access to outdoor spaces, and vibrant community events contribute to its growing desirability.
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Public Transit Access and Walkability: Old Town is exceptionally well-connected, with Metro access, DASH buses, water taxis to the Wharf and National Harbor, and bike-sharing services. Its highly walkable nature encourages a car-free lifestyle, which has become increasingly desirable post-pandemic. Proximity to D.C. and convenient commuting options make it an ideal location for businesses looking to attract and retain talent.
Business-Friendly Environment with Historic Tax Credits: Alexandria offers incentives, including tax credits for maintaining and restoring historic properties, making it more affordable for property owners to keep buildings in top shape while preserving the town’s character. This attracts businesses that value authenticity and character, especially those in retail, hospitality, and service sectors.
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High-Quality Educational Institutions: With several nearby universities and high-performing public and private schools, Old Town attracts well-educated residents and young professionals, adding to its overall economic strength and appeal for tenants seeking a vibrant, educated customer base
Tourism Draws: With attractions such as the Torpedo Factory Art Center, a hub for local artists, and the historic Carlyle House, Old Town draws significant tourism from Washington, D.C., and beyond. Events like the Alexandria Film Festival and holiday celebrations bring in large numbers of visitors, adding to the foot traffic that supports retail and dining establishments.
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Population Growth: As of 2020, Alexandria's population was estimated at 159,200, reflecting a steady increase over the past two decades