2024 Office Space Rent & Sales
- $28.34 2024 Avg. Asking Rent
- -2.08% Y-o-Y Avg. Asking Rent Change
- 14.87% 2024 Office Vacancy Rate
Annandale office price per square foot in 2024 was $28.34 on average. This marked a -2.08% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.87% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Virginia Class A & A+ Office Space$35.61
- Virginia Class B Office Space$25.93
- Virginia Class C Office Space$20.32
Annandale, VA Office Asking Rents by Class
2024 Office Vacancy Rates in Annandale
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Merrifield | $31.83 | 18.52% |
| Annandale | $30.51 | 22.44% |
Office Spaces for Rent in Virginia
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Heritage Center 4 | 7619 Little River Tpke, 22003 | 200,000 | 2003 |
| Heritage Center 3 East | 7611 Little River Turnpike, 22003 | 76,500 | 1990 |
| Annandale Office Center | 6715 Little River Turnpike, 22031 | 52,000 | 1986 |
| Annan Center Office Building | 4115 Annandale Rd, 22003 | 36,843 | 1986 |
| Merrion Square | 7345 McWhorter Place, 22003 | 32,412 | 1985 |
| Woodburn Medical Park I & II | 3289 Woodburn Road, 22003 | 180,324 | 1984 |
| Heritage Center 2 West | 7611 Little River Tpke, 22003 | 93,600 | 1982 |
| 7700 Little River Turnpike | 7700 Little River Turnpike, 22003 | 64,582 | 1979 |
| Heritage I | 7617 Little River Turnpike, 22031 | 82,000 | 1970 |
Worth noting among recent office completions on the Annandale market is Heritage Center 4, which is currently the largest new office development in the city, at 200,000 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Annandale commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.