Space in the Kingston, one of the newest residential buildings in the growing Tysons East, is disappearing quickly.
Tysons has a residence deficiency, with roughly 100,000 jobs but only 19,000 residents. But the demand is there, with the 319-unit Kingston filling up faster than predicted in the project’s initial lease-up timeline. Currently, 44 percent of the building is leased.
A residential unit in Tysons isn’t cheap either. There are 64 workforce dwelling units on the site, housing required by the county to be set aside as affordable, but the market rate rents start at $2,000 per month for a studio apartment. Two bedroom units cost $3,200 per month and three bedroom units lease for approximately $5,200 per month.
A press release for the apartment community highlighted the “high-end events” regularly hosted by the property management.