Despite a large number of vacancies on Maple Avenue and some recent high profile closures, the Town of Vienna’s Finance Department says twice as many businesses are opening in the town compared to those closing.
Last year, 115 businesses opened and 65 closed, the finance department said, in response to an inquiry from Tysons Reporter.
It’s an optimistic note for a town that, economically, could really use a win.
Last year, Vienna’s commercial vacancy rate was 13 percent. Of the town’s 1,095 commercial properties, 138 were vacant and 68 were on Maple Avenue, according to InsideNova.
But it’s businesses off of Maple Avenue that are being hit the hardest by increasing rents and declining sales. Peggy James, executive director of the Vienna Business Association, said a combination of increasing rents and limited parking availability are making it hard for local businesses to stay afloat.
The Town is taking some steps to make commercial businesses in Vienna more viable, including a plan in the town budget to hire a full-time economic development consultant to focus specifically on ways to make life easier for businesses. Vienna is currently the only Northern Virginia locality without staff tasked specifically with economic development.
In the meantime, here’s a look at some of the more recent businesses to open in Vienna:
The Vienna Town Council approved increasing a contract yesterday (Monday) for construction on the police department’s new station. The council agreed to allow up to $67,680 more in response to…
If someone wanted to take a bus from Tysons to Springfield right now, they would have to sit through dozens of stops to travel the roughly 15 miles from north…
Editor’s Note — With all 100 seats in Virginia’s House of Delegates on the ballot, Tysons Reporter is running Q&A-style profiles of the races in the Tysons area this week ahead of…
A federal judge in Alexandria agreed with legal arguments for two U.S. Park Police officers after they pursued a 25-year-old motorist in 2017 and fatally shot him in his Jeep….