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Office Space for Rent in Alexandria, VA - 127 Listings

Alexandria, VA - Office Market Overview

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The Alexandria market includes the Alexandria West, Braddock Road Metro, and Eisenhower East office space submarkets. While the city itself is home to about 156,000 residents, Alexandria is also part of the Washington, D.C., metropolitan region, which is home to over 6 million people. The economy of Alexandria is largely driven by the defense and federal government sectors, creating a dynamic demand for white collar office employment in Alexandria.

As of mid-2017, the Greater Alexandria office market encompasses nearly 16.5 million square feet of existing office space in properties larger than 50,000 square feet. Demand for office space and commercial real estate in Alexandria is predictably consistent, due to the large amount of stable employment generated by the U.S. federal government.

Alexandria, VA - Office Inventory Description

Located along the western shore of the Potomac River, Alexandria is a scant seven miles from Washington, D.C. As part of the Washington - Arlington - Alexandria metropolitan area, the city contributes its share to the region's nearly $436 billion in annual gross metropolitan product. Over 55% of the office space in Alexandria is Class A or A+, with another 45% of product brought to the market in the form of Class B office space.

The Old Town North office submarket in Alexandria consistently sees some of the strongest demand for office space in the region. Located immediately east of the George Washington Memorial Parkway, along the Potomac River, this area is home to Class A portfolio office buildings such as the Parkway Building, 44 Canal Center Plaza, and the 1199 North Fairfax Street office building.

Alexandria, VA Commercial Inventory Breakdown

Office Spaces

Total: 21,797,610 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 3,306,115 SF / 15.17% of total office
  • 100k to 500k SF: 14,902,018 SF / 68.37% of total office
  • 500k to 1M SF: 3,589,477 SF / 16.47% of total office

By class:

  • Class A: 9,384,544 SF / 43.05% of total office
  • Class B: 6,810,150 SF / 31.24% of total office

Top 10 Largest Office Buildings

in Alexandria

Most Recently-Built Office Buildings

in Alexandria

Office building Address Sqft Year built
National Science Foundation Headquarters , 22314 695,817 2017
Kingstowne Ridge , 22315 110,000 2013
Metro Park VII , 22310 94,405 2012
Metro Park VI , 22310 330,797 2011
Metro Park VIII , 22310 154,707 2009
1701 Duke Street , 22314 113,786 2009
Carlyle Overlook , 22314 249,711 2008
2050 Ballenger Avenue , 22314 68,356 2008
1920 Ballenger Avenue , 22314 65,472 2008
Victory Center at 5001 Eisenhower , 22304 605,998 2007

Alexandria, VA - Green Office Space

Employment

Since 2005, the percentage of green office buildings, LEED certified, and EPA Energy Star certified office buildings in the top 30 major U.S. office markets has grown by about 33%. This is according to the most recent 2017 National Green Building Adoption Index. In Alexandria alone, over 17% of the office buildings larger than 50,000 square feet are green office buildings, representing over 4 million square feet of green office space in Alexandria VA.

An excellent example of a LEED-certified office building in Alexandria is the King Street Station III on Duke Street in Alexandria. Located in the King St. Metro commercial real estate submarket, this building was constructed in 1989 and offers 148,000 square feet of Class A office space with a LEED Gold certification.

Alexandria, VA's Top Office-Using Sectors

The Alexandria, VA, commercial real estate market and Class A office market is driven by the top office-using sectors of government, healthcare, defense, and large corporate office users.

  • Government – The U.S. Department of Commerce, the U.S. Department of Agriculture, the City of Alexandria, and the Washington Metropolitan Area Transit Authority are some of the largest employers and creators of white collar office employment in this top office-using sector.
  • Healthcare – Institutions such as Inova Health System help to generate demand for white collar office space in Alexandria.
  • Defense – The U.S. Department of Defense, the Institute for Defense Analysis, and the United States Department of Homeland Security are three of the largest employers in this sector and users of office space in Alexandria.
  • Corporate Office – Grant Thornton LLP, The Home Depot, Oblon, and Giant Food all help to create demand for commercial real estate and office space in Alexandria, Virginia.

Alexandria Demographics

Population

  • Total Population154,710
  • Male Population(48.2 %) 74,501
  • Female Population(51.8 %) 80,209
  • Median Age36.40

Income/Financial

  • Average Household Income$123,341
  • Median Household Income$93,370
  • Median Income Under 25$49,121
  • Median Income 25-44$94,057
  • Median Income 45-64$102,974
  • Median Income Over 65$77,860

News

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