2024 Office Space Rent & Sales
- $30.56 2024 Avg. Asking Rent
- 19.34% 2024 Office Vacancy Rate
Falls Church office price per square foot in 2024 was $30.56 on average. The local office market recorded an average vacancy rate of 19.34% 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
- Falls Church Class A & A+ Office Space$30.93
- Falls Church Class B Office Space$32.97
- Falls Church Class C Office Space$19.91
- Virginia Class A & A+ Office Space$35.61
- Virginia Class B Office Space$25.93
- Virginia Class C Office Space$20.32
Falls Church, VA Office Asking Rents by Class
Average office rent in Falls Church rested at $30.56 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Falls Church averaged $30.93 per square foot. Across all submarkets, class B office space recorded an average asking rent of $32.97 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $19.91 per square foot, on average. Comparably, statewide Virginia average office rents by class in 2024 were: $35.61 per square foot for class A office space; $25.93 per square foot for class B office space; $20.32 per square foot for class C office space.
2024 Office Vacancy Rates in Falls Church
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Tysons Corner | $38.89 | 18.68% |
| I-395 Corridor | $33.02 | 29.89% |
| Merrifield | $31.83 | 18.52% |
| Annandale | $30.51 | 22.44% |
| Falls Church | $20.64 | 7.94% |
Office Spaces for Rent in Virginia
Coworking Spaces in Virginia
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 3023 Hamaker Court | 3023 Hamaker Court, 22031 | 120,000 | 2009 |
| Seven Skyline Place | 5275 Leesburg Pike, 22041 | 398,139 | 2001 |
| Fairview Park North - 2941 Fairview Park Drive | 2941 Fairview Park Drive, 22042 | 335,704 | 2000 |
| Fairview Park | 3130 Fairview Park Drive, 22042 | 183,097 | 1999 |
| 3190 Fairview Park Drive | 3190 Fairview Park Drive, 22042 | 228,657 | 1990 |
| George Mason Square | 101, 103 & 105 W Broad St, 22046 | 87,715 | 1987 |
| 7799 Leesburg Pike | 7799 Leesburg Pike, 22043 | 386,000 | 1986 |
| Fairview Park - 3110 Fairview Park Drive | 3110 Fairview Park Drive, 22042 | 254,490 | 1986 |
| Fairview Park - 3160 Fairview Park Drive | 3160 Fairview Park Drive, 22042 | 116,000 | 1986 |
| Prosperity Plaza 1 | 3020 Hamaker Court, 22031 | 92,347 | 1985 |
Worth noting among recent office completions on the Falls Church market is 3023 Hamaker Court, which is currently the largest new office development in the city, at 120,000 square feet.
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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 Falls Church 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.