Herndon Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Herndon is $30.68 per square foot, 21.19% higher compared to the previous year.
  • The market’s vacancy rate stands at 18.53%, higher than the state average of Virginia, which is 16.76%.

2025 Office Space Rent & Sales

  • $30.68 2025 Avg. Asking Rent
  • 21.19% Y-o-Y Avg. Asking Rent Change
  • 18.53% 2025 Office Vacancy Rate
  • $165.5M2025 Total Office Sales
  • $91.11Avg. Sale Price/SF

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

Average asking rents for office space here stand at $30.68 per square foot. The local office market recorded an average vacancy rate of 18.53% in 2025, unchanged from 18.53% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $165.5M across 10 sales. These transactions commanded an average sale price per square foot of $91.11.

Herndon, VA Office Asking Rents by Class

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.

Herndon, VA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Herndon was Herndon at 15.97%. Meanwhile, the highest office vacancy rate in the market was 18.84%, recorded in Reston.
Submarket Asking Rents Vacancy Rates
Rt 28 Corridor South $32.72 18.33%
Reston $30.88 18.84%
Herndon $24.27 15.97%
Data provided by Yardi Research

Explore Top Office Markets in Virginia

2025 Office Sales Volume

  • $91.112025 Avg. Price per SF
  • -16.20%Y-o-Y Avg. PpSF Change
  • $165.5M2025 Office Sales Volume
  • 102025 Number of Transactions

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

Average sale prices for office space in this market recorded a -16.20% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $91.11 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.

Herndon, VA Sale Price per SF Trend

  • Herndon Avg. Sale Price per SF in 2025$91.11
  • Virginia Avg. Sale Price per SF in 2025$148.92

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

The local office market recorded 10 deals in 2025, adding up to a yearly sales volume of $165.5M.

  • Herndon, VA Total Office Sales Volume in 2025 $165.5M
  • Herndon, VA Total Number of Office Sales Closed in 2025 10
Data provided by Yardi Research

Office Construction in Herndon, VA

What are the largest recent office completions in Herndon?

The largest recent office completion here is Dulles Plaza I & II at 384,336 square feet, completed in 2000. The next largest completions are Dulles View and Dulles Metro Center.

Office building Address SF Completed
Dulles View 2551 Dulles View Drive, 20171 355,543 2008
Dulles Station West I 2300 Dulles Station Blvd, 20171 180,000 2008
One Global View 2550 Wasser Terrace, 20171 224,370 2007
Monument III at Worldgate 12930 Worldgate Drive, 20170 193,138 2007
Dulles Station West 2300 Dulles Station Blvd, 20171 180,000 2007
Lincoln Park II - Building B 3076 Centreville Road, 20171 97,148 2006
Herndon Parkway Crossing Office Condo 459 Herndon Parkway Ste. 14, 20170 1,391 2005
Dulles Metro Center 2325 Dulles Corner Blvd, 20171 225,029 2001
Enterprise Office Park 2 220 Spring Street, 20170 148,214 2001
Dulles Plaza I & II 13530, 13560 Dulles Technology Drive, 20171 384,336 2000
Data provided by Yardi Research

See reports for other markets

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.