2022 Office Space Rent & Sales
- $42.03 2022 Avg. Asking Rent
- -4.83% Y-o-Y Avg. Asking Rent Change
- 23.35% 2022 Office Vacancy Rate
- $280.4M2022 Total Office Sales
- $533.70Avg. Sale Price/SF
Arlington office price per square foot in 2022 was $42.03 on average. This marked a -4.83% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.35% across all asset classes combined. The 4 transactions that closed here throughout 2022 amounted to a total sale volume of $280.4M. Arlington office space commanded an average sale price per square foot of $533.70.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Arlington Class A & A+ Office Space$43.21
- Arlington Class B Office Space$38.78
- Virginia Class A & A+ Office Space$38.01
- Virginia Class B Office Space$27.47
- Virginia Class C Office Space$19.02
Arlington, VA Office Asking Rents by Class
2022 Office Vacancy Rates in Arlington
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Virginia Square | $43.21 | 25.83% |
Clarendon | $42.94 | 24.04% |
Rosslyn | $41.59 | 21.79% |
I-395 Corridor | $39.46 | 31.65% |
Crystal City | $36.71 | 25.57% |
McLean | $22.41 | 0.78% |
Falls Church | $18.56 | 2.74% |
Arlington Office Sale Price per SF
- $533.702022 Avg. Price per SF
- 22.10%Y-o-Y Avg. PpSF Change
- $280.4M2022 Office Sales Volume
- 42022 Number of Transactions
Arlington, VA Sale Price per SF Trend
- Arlington Avg. Sale Price per SF in 2022$533.70
- Virginia Avg. Sale Price per SF in 2022$189.12
2022 Office Sales Volume
- Arlington, VA Total Office Sales Volume in 2022 $280.4M
- Arlington, VA Total Number of Office Sales Closed in 2022 4
Largest Arlington Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
1400 Crystal | 1400 Crystal Drive | 1/12/2022 | $203,000,000 |
1776 Wilson Blvd | 1776 Wilson Blvd | 10/11/2022 | $59,450,000 |
2445 Army Navy Drive | 2445 Army Navy Drive | 12/29/2022 | $6,000,000 |
Coworking Spaces in Virginia
- New York City Coworking Space
- Manhattan Coworking Space
- Atlanta Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Nashville Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Indianapolis Coworking Space
- Cincinnati Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Memphis Coworking Space
- Louisville Coworking Space
- Jersey City Coworking Space
- Queens Coworking Space
- Cleveland Coworking Space
- Bethesda Coworking Space
- Chattanooga Coworking Space
- Richmond Coworking Space
2022 Office Construction in Arlington, VA
- Arlington, VA Total SF under construction in 2023 2,315,233
Office building | Address | SF | Completed |
---|---|---|---|
3901 North Fairfax | 3901 North Fairfax Drive, 22203 | 201,000 | 2024 |
4040 Wilson | 4040 Wilson Boulevard, 22203 | 224,545 | 2020 |
1812 North Moore | 1812 North Moore Street, 22209 | 537,000 | 2013 |
1400 Crystal | 1400 Crystal Drive, 22202 | 308,898 | 2013 |
1400 Crystal | 1400 Crystal Drive, 22202 | 308,000 | 2013 |
1776 Wilson Boulevard | 1776 Wilson Boulevard, 22209 | 138,000 | 2012 |
National Gateway | 3550 S Clark St, 22202 | 221,686 | 2010 |
Clarendon Center - North Block | 3000 Wilson Blvd., 22201 | 112,175 | 2010 |
Clarendon Center - South Block | 3030 Clarendon Boulevard, 22201 | 105,000 | 2010 |
National Gateway II at Potomac Yard | 3550 S Clark St, 22202 | 183,799 | 2009 |
Worth noting among recent office completions on the Arlington market is 3901 North Fairfax, which is currently the largest new office development in the city, at 201,000 square feet.
See reports for other markets
- Richmond Office Rent Price
- Alexandria Office Rent Price
- Virginia Beach Office Rent Price
- Reston Office Rent Price
- Fairfax Office Rent Price
- Mc Lean Office Rent Price
- Herndon Office Rent Price
- Henrico Office Rent Price
- Norfolk Office Rent Price
- Chantilly Office Rent Price
- Chesapeake Office Rent Price
- Washington Office Rent Price
- Dallas Office Rent Price
- San Diego Office Rent Price
- Atlanta Office Rent Price
- San Antonio Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Arlington 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.