Dominion Energy completed construction of its new 960,000 sq. ft. office tower at 600 Canal Place in the Central Business District. Demolition of its former building at 701 E Canal Street will begin in Q1 2020.
Two large relocations bolstered office activity in the second half of 2019, as the Virginia Employment Commission leased 79,254 sq. ft. at 6606 W Broad Street (Glenside/Broad) and Atlantic Union leased 69,618 sq. ft. at 4300 Cox Road (Innsbrook).
Submarkets with the largest occupancy gains in H2 2019 were Innsbrook, Glenside/Broad and Midlothian Corridor, contributing a combined 150,483 sq. ft., 108,257 sq. ft. and 41,578 sq. ft. of positive net absorption, respectively.