Alexandria Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Alexandria is $33.98 per square foot, 7.28% higher compared to the previous year.
  • The average sale price for office space in Alexandria is $148.42 per square foot, marking an increase of 422.49% compared to 2024.
  • The market’s vacancy rate stands at 30.15%, higher than the state average of Virginia, which is 16.76%.
  • Renting Class A/A+ office space here costs $41.51 per square foot, while Class B averages $30.08 and Class C stands at $23.58.
  • 95,000 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $33.98 2025 Avg. Asking Rent
  • 7.28% Y-o-Y Avg. Asking Rent Change
  • 30.15% 2025 Office Vacancy Rate
  • $107.7M2025 Total Office Sales
  • $148.42Avg. Sale Price/SF

What is the average asking rent price for office space in Alexandria?

Average asking rents for office space here stand at $33.98 per square foot. The local office market recorded an average vacancy rate of 30.15% in 2025, unchanged from 30.15% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $107.7M across 6 sales. These transactions commanded an average sale price per square foot of $148.42.

Alexandria, VA Office Asking Rents by Class

What is the average office rent per square foot by property class in Alexandria?

  • Avg. Asking Rent Class A & A+$41.51
  • Avg. Asking Rent Class B$30.08
  • Avg. Asking Rent Class C$23.58

The average asking rent for Class A and A+ office space stood at $41.51 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Alexandria averaged $30.08 per square foot, while the average for Class C space was $23.58 per square foot.

What is the average office rent per square foot by property class in VA?

  • Avg. Asking Rent Class A & A+$35.10
  • Avg. Asking Rent Class B$27.59
  • Avg. Asking Rent Class C$19.12

For comparison, the average rent for Class A and A+ office space in Virginia was $35.10 per square foot. The state-wide average for Class B space was $27.59 per square foot, and Class C office spaces averaged $19.12 per square foot.

Alexandria, VA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Alexandria was Springfield - Burke at 9.74%. Meanwhile, the highest office vacancy rate in the market was 32.81%, recorded in I-395 Corridor.
Submarket Asking Rents Vacancy Rates
Alexandria $36.80 22.74%
I-395 Corridor $33.33 32.81%
Annandale $30.61 21.44%
Eisenhower Ave Corridor $29.65 31.91%
Springfield - Burke $25.94 9.74%
Data provided by Yardi Research

Explore Top Office Markets in Virginia

2025 Office Sales Volume

  • $148.422025 Avg. Price per SF
  • $107.7M2025 Office Sales Volume
  • 62025 Number of Transactions

What is the average sale price per square foot for office space in Alexandria?

Average sale prices for office space in this market recorded a +422.49% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $148.42 per square foot. For comparison, the statewide Virginia average during the same time period stood at $148.92 per square foot, while the national average was $182.48 per square foot.

Alexandria, VA Sale Price per SF Trend

  • Alexandria Avg. Sale Price per SF in 2025$148.42
  • Virginia Avg. Sale Price per SF in 2025$148.92

What was the total office sales volume in Alexandria in 2025?

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $107.7M.

  • Alexandria, VA Total Office Sales Volume in 2025 $107.7M
  • Alexandria, VA Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

2025 Office Construction in Alexandria, VA

  • Alexandria, VA Total SF completed in 2025 298,864
  • Alexandria, VA Total SF under construction in 2026 95,000

How much office space was built in Alexandria in 2025?

298,864 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 298,864 square feet.

Looking forward, development activity in 2026 is estimated to add 95,000 square feet of office space to the market in total.

What are the largest recent office completions in Alexandria?

The largest recent office completion here is Remsen Bldg at 393,380 square feet, completed in 2003. The next largest completions are Carlyle Overlook and Crescent at Carlyle - 1940 Duke Street.

Office building Address SF Completed
1701 Duke Street 1701 Duke Street, 22314 113,786 2009
Carlyle Overlook 2318 Mill Road, 22314 250,000 2008
Carlyle Overlook 2318 Mill Rd, Alexandria, VA 22314, 22314 262 2008
Eisenhower Center III 2331 Mill Road, 22314 90,955 2007
124 South West Street 124 South West Street, 22314 31,960 2006
Remsen Bldg 400 Dulany St, 22314 393,380 2003
Crescent at Carlyle - 1940 Duke Street 1940 Duke Street, 22314 216,577 2003
5270 Shawnee Road 5270 Shawnee Road, 22312 37,500 2002
Two Building Investment Portfolio - Grovedale Office Park 6400 & 6408 Grovedale Drive, 22310 36,341 2002
Grovedale Executive Office Park - Building B 6408 Grovedale Drive, 22310 17,850 2002
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.