Fairfax Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Fairfax is $29.39 per square foot, 2.50% higher compared to the previous year.
  • The average sale price for office space in Fairfax is $140.98 per square foot, marking an increase of 25.91% compared to 2024.
  • The market’s vacancy rate stands at 24.36%, higher than the state average of Virginia, which is 16.76%.
  • Renting Class A/A+ office space here costs $32.08 per square foot, while Class B averages $27.74 and Class C stands at $20.18.

2025 Office Space Rent & Sales

  • $29.39 2025 Avg. Asking Rent
  • 2.50% Y-o-Y Avg. Asking Rent Change
  • 24.36% 2025 Office Vacancy Rate
  • $133M2025 Total Office Sales
  • $140.98Avg. Sale Price/SF

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

Average asking rents for office space here stand at $29.39 per square foot. The local office market recorded an average vacancy rate of 24.36% in 2025, unchanged from 24.36% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $133M across 6 sales. These transactions commanded an average sale price per square foot of $140.98.

Fairfax, VA Office Asking Rents by Class

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

  • Avg. Asking Rent Class A & A+$32.08
  • Avg. Asking Rent Class B$27.74
  • Avg. Asking Rent Class C$20.18

The average asking rent for Class A and A+ office space stood at $32.08 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Fairfax averaged $27.74 per square foot, while the average for Class C space was $20.18 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.

Fairfax, VA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Fairfax was Fairfax City at 19.21%. Meanwhile, the highest office vacancy rate in the market was 32.87%, recorded in Oakton.
Submarket Asking Rents Vacancy Rates
Merrifield $31.84 23.05%
Fairfax Center $31.15 27.19%
Oakton $27.71 32.87%
Fairfax City $24.73 19.21%
Data provided by Yardi Research

Explore Top Office Markets in Virginia

2025 Office Sales Volume

  • $140.982025 Avg. Price per SF
  • 25.91%Y-o-Y Avg. PpSF Change
  • $133M2025 Office Sales Volume
  • 62025 Number of Transactions

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

Average sale prices for office space in this market recorded a +25.91% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $140.98 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.

Fairfax, VA Sale Price per SF Trend

  • Fairfax Avg. Sale Price per SF in 2025$140.98
  • Virginia Avg. Sale Price per SF in 2025$148.92

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

The local office market recorded 6 deals in 2025, adding up to a yearly sales volume of $133M.

  • Fairfax, VA Total Office Sales Volume in 2025 $133M
  • Fairfax, VA Total Number of Office Sales Closed in 2025 6
Data provided by Yardi Research

What are the largest recent office completions in Fairfax?

The largest recent office completion here is Fairfax Corner at 300,000 square feet, completed in 2001. The next largest completions are WillowWood Plaza 3 and Bridgewater Corporate Center.

Office building Address SF Completed
Canfield Village 4290 Chain Bridge Road, 22030 20,664 2015
Canfield Village 4290 Chain Bridge Road, 22030 20,664 2015
Inova Fair Oaks Hospital - Medical Office Building IV 3580 Joseph Siewick Drive, 22033 112,482 2014
Pender Village Center 3903 Fair Ridge Dr, 22033 140,031 2009
Old Town Plaza 3925 Chain Bridge Road, 22030 91,000 2007
Bridgewater Corporate Center 11325 Random Hills Road, 22030 198,062 2006
Fair Lakes VII 12730 Fair Lakes Circle, 22033 152,507 2003
Fair Lakes 7 12730 Fair Lakes Circle, 22033 150,000 2003
Fairfax Corner 4100 Monument Corner Drive, 22030 300,000 2001
WillowWood Plaza 3 10304 Eaton Pl, 22030 270,793 2000
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.