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Commercial Real Estate in Alexandria, VA - 186 Properties Available

  • Cherokee Business Center - Alexandria
    5500 Cherokee Avenue, Lincolnia, Alexandria, VA 22312
    For Lease $24.5 - $25/Sqft/Yearly
    Property
    • Office
    Availability
    • 9 Spaces
    • 37,542 Sqft
  • Beauregard Professional Center - 1500, 1600 & 1800 North Beauregard Street - Alexandria
    1500 North Beauregard Street, Alexandria West, Alexandria, VA 22311
    For Lease $28 - $34.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 33,649 Sqft
  • Prince Street Plaza - Alexandria
    1421 Prince Street, King St. Metro, Alexandria, VA 22314
    For Lease $25/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 27,457 Sqft
  • Cherokee Business Center - 5520 Cherokee Avenue - Alexandria
    5520 Cherokee Avenue, Lincolnia, Alexandria, VA 22312
    For Lease $23 - $25/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 22,582 Sqft
  • 2050 Ballenger Avenue - Alexandria
    2050 Ballenger Avenue, Eisenhower East, Alexandria, VA 22314
    For Lease $33 - $37/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 18,353 Sqft
  • Alexandria Tech Center IV - Alexandria
    2850 Eisenhower Avenue, Eisenhower Ave, Alexandria, VA 22314
    For Lease $27/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 18,074 Sqft
  • Carlyle Corner - Alexandria
    2034 Eisenhower Avenue, Eisenhower East, Alexandria, VA 22314
    For Lease $26.75/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 13,613 Sqft
  • 44 Canal Center Plaza - Alexandria
    44 Canal Center Plaza, Old Town North Alexandria, Alexandria, VA 22314
    For Lease $40/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 10,311 Sqft
  • Gatsby Arcade - Alexandria
    320 King Street, Old Town Alexandria, Alexandria, VA 22314
    For Lease $27/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 3,007 Sqft
  • 1101 King Street - Alexandria
    1101 King Street, Braddock Road Metro, Alexandria, VA 22314
    For Lease $28/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 2,160 Sqft
  • Hoffman Town Center - Block 6 - Carlyle Tower - Alexandria
    2461 Eisenhower Avenue, Eisenhower East, Alexandria, VA 22331
    For Lease $39.75 - $45/Sqft/Yearly
    Property
    • Office
    Availability
    • 12 Spaces
    • 296,028 Sqft
  • 4825 Mark Center Drive - Alexandria
    4825 Mark Center Drive, Alexandria West, Alexandria, VA 22311
    For Lease $32 - $34/Sqft/Yearly
    Property
    • Office
    Availability
    • 8 Spaces
    • 215,840 Sqft
  • 4900 Seminary Road - Alexandria
    4900 Seminary Road, Alexandria West, Alexandria, VA 22311
    For Lease $32 - $34/Sqft/Yearly
    Property
    • Office
    Availability
    • 11 Spaces
    • 177,871 Sqft
  • Metro Park VI - Alexandria
    6361 Walker Lane, Franconia, Alexandria, VA 22310
    For Lease $18 - $43.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 8 Spaces
    • 125,963 Sqft
  • Metro Park V - Alexandria
    6363 Walker Lane, Franconia, Alexandria, VA 22310
    For Lease $18 - $36.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 8 Spaces
    • 84,169 Sqft
  • Summit Centre - Alexandria
    4700 King Street, Alexandria West, Alexandria, VA 22302
    For Lease $24.5 - $26.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 62,271 Sqft
  • Carlyle Center - Alexandria
    1925 Ballenger Avenue, Eisenhower East, Alexandria, VA 22314
    For Lease $39 - $42/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 56,515 Sqft
  • 2800 Eisenhower Avenue - Alexandria
    2800 Eisenhower Avenue, Eisenhower Ave, Alexandria, VA 22314
    For Lease $30/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 49,533 Sqft
  • King Street Station II - Alexandria
    225 Reinekers Lane, King St. Metro, Alexandria, VA 22314
    For Lease $38 - $40/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 34,382 Sqft
  • Metro Park VII - Alexandria
    6348 Walker Lane, Franconia, Alexandria, VA 22310
    For Lease $35/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 33,000 Sqft
  • Metro Park IV - Alexandria
    6359 Walker Lane, Franconia, Alexandria, VA 22310
    For Lease $36.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 3 Spaces
    • 28,429 Sqft
  • 1199 North Fairfax Street - Alexandria
    1199 North Fairfax Street, Old Town North Alexandria, Alexandria, VA 22314
    For Lease $34/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 26,758 Sqft
  • 99 Canal Center Plaza - Alexandria
    99 Canal Center Plaza, Old Town North Alexandria, Alexandria, VA 22314
    For Lease $22/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 26,380 Sqft
  • 201 North Union Street - Alexandria
    201 North Union Street, Old Town Alexandria, Alexandria, VA 22314
    For Lease $37 - $40/Sqft/Yearly
    Property
    • Office
    Availability
    • 7 Spaces
    • 26,207 Sqft
  • Metro Park II - Alexandria
    6350 Walker Lane, Franconia, Alexandria, VA 22310
    For Lease $36.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 26,040 Sqft

Alexandria, VA Economic Overview

Location Photo

Located on the Potomac River just minutes away from the nation’s capital, Alexandria is nationally recognized for its rich history and architecture preserved from the 18th and 19th centuries.

Alexandria is home to a thriving commercial scene, driven by successful boutiques, acclaimed chef-driven restaurants, a vibrant arts and culture scene, as well as an attractive and welcoming lifestyle.

The Alexandria commercial real estate market includes the iconic Old Town with its eclectic, artsy scene. Alexandria’s economy is driven by a strong government presence, largely composed of U.S. Department of Commerce and Department of Defense operations. Alexandria is also home to numerous trade associations, charities, and non-profits.

Just a stone’s throw away from Washington, D.C., Alexandria is nationally recognized as one of the best places in which to live and do business on the east coast. A recovery in federal spending has acted as a fundamental boost to the Northern Virginia economy, resulting in an increase in demand for commercial space, rental rates and payrolls. Employment in Alexandria is growing at over 2% per year and is largely defined by professional, scientific, and tech services jobs, as well as public administration jobs. Several prominent non-profits have established headquarters in the area, including the American Diabetes Association, Global Impact, United Way, and the Salvation Army. Private companies with headquarters in Alexandria include Inova Health Systems and Home Depot.

Alexandria, VA Commercial Real Estate Market

The Northern Virginia commercial market continues to expand. The first quarter of 2017 saw over 9,000 new jobs added, 49% of which were in office-using sectors of the economy. At this rate, the private sector is projected to add another 7,400 jobs in 2017, leading to an increase in both Alexandria office space demand and rental rates. Over 1.1 million square feet of office space was taken off the market in the first quarter of 2017. Construction activity during this time recorded some of the highest levels in recent history. In mid-2017, Alexandria boasts over 6.8 million square feet of completed commercial real estate inventory and almost 1 million additional square feet under construction. This inventory is primarily spread out over the following main submarkets:

Carlyle/King St Metro is home to the U.S. Patent and Trademark Office, the National Inventors Hall of Fame and the National Science Foundation. The Carlyle/King St Metro office market is Alexandria's largest commercial area, with just over 5 million square feet of completed office space.

Eisenhower/King St Metro, part of the larger Eisenhower Valley, has become a well-known commercial corridor, along with the neighboring Carlyle district. This Alexandria sub-market gets its name from its main road, named for President Dwight D. Eisenhower. The Eisenhower/King St Metro office market encompasses just over 736,000 square feet of completed office space.

The I-395 Corridor is home to the U.S. Transportation Security Administration and Alexandria's largest overall commercial submarket. The Alexandria portion of the I-395 Corridor office market currently boasts 2.7 million square feet of completed office space.

Old Town is located in the East-Southeastern area of Alexandria City, along the Potomac River. Originally laid out in 1749, it is the oldest section of the city and a recognized historic district. Old Town 's Market Square is believed to be one of the oldest continuously operating marketplaces in the country. The area is known for its historic town houses, art galleries, antique shops, and restaurants. The Old Town office market encompasses roughly 746,000 square feet of completed office space.

Alexandria, VA Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Alexandria, VA Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Alexandria, VA Commercial Inventory Breakdown

Office Spaces

Total: 21,783,209 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 3,445,896 SF / 15.82% of total office
  • 100k to 500k SF: 14,747,836 SF / 67.7% of total office
  • 500k to 1M SF: 3,589,477 SF / 16.48% of total office

By class:

  • Class A: 9,384,544 SF / 43.08% of total office
  • Class B: 6,894,931 SF / 31.65% of total office

Employment in Alexandria, VA

Employment

Employment in Alexandria has been growing at a rate of roughly 2% per year, with the most common job groups (by number of people living in the city) employed in Management, Business, Science, Arts, Sales and Office, and Services. Alexandria boasts an unemployment rate as low as 2.9%, comparing favorably with the 4.0% statewide average.

The largest employers in the area include numerous federal agency departments, including the Department of Commerce, Department of Defense, Department of Agriculture, and Department of Homeland Security.

According to the Bureau of Labor Statistics, the highest-employing industries of the DC-VA-MD-WV area include:

  • Professional and business services – currently employs 618,000, growing at a yearly rate of 1.4%;
  • Government—currently employs 589,400, growing at a yearly rate of 0.6%;
  • Education and health services —currently employs 354,600, growing at a yearly rate of 1.5%.

Education in Alexandria, VA

Alexandria is home to the Northern Virginia Community College and Virginia Tech’s Washington-Alexandria Architecture Center (WAAC). The Virginia Commonwealth University operates a Northern Virginia branch of its School of Social Work here, and the George Washington University also has a campus near the King Street metro.

The city is served by the Alexandria City Public Schools system and hosts several of the Washington, D.C., area’s top private schools.

Commuting Time in Alexandria, VA

Locals have a longer average commute time than the national average of 24.8 minutes – Alexandria commutes come in at 29 minutes. Additionally, 1.73% of the workforce in Alexandria have "super commutes" of over 90 minutes.

Alexandria is bisected east and west by State Route 7, also known as King Street, which serves as the main road for the city. Alexandria’s Union Station is the city’s historic train station and hosts Amtrak intercity services, as well as the Virginia Railway Express regional rail service.

The city government operates its own mass transit system, the DASH bus, connecting points of interest with local transit hubs. Metrobus, Washington Metro, and the Virginia Railway Express, better known as the VRE, also serve Alexandria. The city also offers a free "trolley" diesel bus service on King Street from the King Street Metro Station to the Waterfront and a water taxi to and from the National Harbor development in Prince George's County, Maryland.

Alexandria Demographics

Population

  • Total Population154,710
  • Male Population(48.2 %) 74,501
  • Female Population(51.8 %) 80,209
  • Median Age36.40

Income/Financial

  • Average Household Income$123,341
  • Median Household Income$93,370
  • Median Income Under 25$49,121
  • Median Income 25-44$94,057
  • Median Income 45-64$102,974
  • Median Income Over 65$77,860

Residential Rents in Alexandria, VA

When choosing the best place for a business, location research is very important – not only for the office, but also for the employees’ convenience.

The most affordable neighborhoods in Alexandria are Alexandria West,where the average rent is roughly $1,563/month, Landmark - Van Dorn, where renters pay $1,575/month on average, and Seminary Hill where the average rent goes for $1,585/mo. The most expensive neighborhoods in Alexandria are Old Town North, Potomac Greens and Southwest Quadrant, with monthly rents averaging at $1,910.

News

Amazon’s search for a new home has stirred up city officials and developers across the country, and 238 applicants across North America have expressed interest in housing the company’s next headquarters. Of course, the retail giant has a few requirements: the chosen metropolitan area should idea...

  The U.S. office market is one of the most expensive in the world, and a top destination for national and offshore investors alike. It’s no wonder then that office assets in the States fetch exorbitant prices and investors continue to pump capital into developing bigger and better office buildi...

  Executive Summary sales volume drops 47% compared to Q1 average price per square foot on a slight rise Morgan Stanley closes top office buy of Q2 8 major developments on track for Q3 The Washington, D.C., office sales market started the year in full force, with more than $2 billion worth of pr...

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