Arlington, VA Office Space for Lease or Rent

Arlington, VA Office Overview

Arlington’s notable real estate scenes include the Ashton Heights, Bluemont, and Clarendon - Courthouse office submarkets. While Arlington has a population of just over 230,000 people, the city is part of the Washington metropolitan region, which is home to over 6 million residents. The economy of Arlington is driven in large part by federal, state, and local government creating a robust demand for white collar office employment in the metro area.

As of mid-2017, the Arlington county office market encompasses over 37 million square feet of existing office space in properties larger than 50,000 square feet. Due to the stability of government employment, the area historically boasts one of the lowest unemployment rates in the Northeastern United States.

Arlington, VA Office Inventory Description

Located in Northern Virginia and across the Potomac River from Washington D.C., Arlington is home to countless government agencies and R&D companies. As part of the Washington metropolitan area, Arlington helps to generate the area&s nearly $436 billion in annual gross metropolitan product. Nearly 70% of the office space in Arlington is Class A or A+, while Class B office space adds another 30% of inventory to the Arlington commercial real estate market.

Some of the strongest demand for Class A office space in Arlington comes from the Bluemont office submarket. Located at the junction of the Curtis Memorial Parkway and Route 120, the area is home to trophy office buildings such as The Regent, 800 North Glebe, and Three Ballston Plaza at 1100 North Glebe Road.

Arlington, VA Commercial Inventory Breakdown

Office Spaces

Total: 44,606,428 SF

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

By square footage range:

50k to 100k SF: 1,083,036 SF / 2.43% of total office
100k to 500k SF: 35,962,325 SF / 80.62% of total office
500k to 1M SF: 5,750,894 SF / 12.89% of total office
> 1M SF: 1,810,173 SF / 4.06% of total office

By class:

Class A+: 1,140,000 SF / 2.56% of total office
Class A: 27,726,157 SF / 62.16% of total office
Class B: 10,020,361 SF / 22.46% of total office

Top 10 Largest Office Buildings

in Arlington

Office building	Address	Sqft	Year built
Rosslyn Plaza Redevelopment - Phases 1, 3, & 5	NEC North Kent Street & Wilson Blvd, 22209	1,810,173	n/a
Crystal Plazas - Plaza Five Redevelopment	223 23rd Street South, 22202	687,040	n/a
Waterview	1919 North Lynn Street, 22209	647,243	2006
CEB Tower at Central Place	1201 Wilson Blvd, 22209	605,000	2018
1000 Wilson Blvd	1000 Wilson Blvd, 22209	597,364	1981
Stafford Place I	4201 Wilson Blvd, 22203	563,518	1992
The Zachary Taylor Building	2530 Crystal Drive, 22202	558,187	1971
1100 Wilson Blvd	1100 Wilson Blvd, 22209	549,317	1985
1812 North Moore	1812 North Moore Street, 22209	535,000	2013
Crystal Park Two	2121 Crystal Drive, 22202	504,449	1986

Most Recently-Built Office Buildings

in Arlington

Office building	Address	Sqft	Year built
Newside Ballston	1000 North Glebe Road, 22207	170,388	2017
Boeing Government Operations	929 Long Bridge Drive, 22202	453,422	2014
3003 Washington Blvd	3003 Washington Blvd, 22201	211,170	2014
3001 Washington Blvd	3001 Washington Blvd, 22201	92,135	2014
1812 North Moore	1812 North Moore Street, 22209	535,000	2013
1400 Crystal	1400 Crystal Drive, 22202	308,000	2013
800 North Glebe	800 North Glebe Road, 22204	308,055	2012
1776 Wilson Blvd	1776 Wilson Blvd, 22209	139,593	2012
Clarendon Center - South Block	3030 Clarendon Blvd, 22201	343,901	2011
Clarendon Center - North Block	3000 Wilson Blvd, 22201	108,376	2011

Arlington, VA Green Office Space

Increasingly, both tenants and global investors are demanding energy efficient, green office space for their business and real estate portfolios. One example of a LEED certified office building in Arlington is Two Potomac Yard. Built in 2006, this 306,000-square- foot Class A office building is located in the Crystal City area of Arlington and was awarded the notoriously difficult-to- obtain LEED Platinum certification.

Every year, the National Green Building Adoption Index surveys major U.S. office markets, to measure the increase in green, energy-efficient office space. Looking only at office buildings larger than 50,000 square feet, by mid-2017 the amount of green office space in the major metro office markets had reached an average of 38%.

As part of the greater Washington D.C. metro area, Arlington makes its contribution to the 41% of large office buildings in the region that are LEED certified.

Arlington, VA's Top Office-Using Sectors

Government, healthcare, financial & professional services, and large corporate office users all create incredibly strong demand for Class A office space and commercial real estate in Arlington, VA.

Government – A number of federal agencies are headquartered in Arlington, including DARPA, the Drug Enforcement Agency, the National Science Foundation, the Transportation Security Administration, and the United States Department of Defense.
Healthcare – This is one of the top office-using sectors in Arlington, including organizations such as the Virginia Hospital Center, National Science Foundation, and the Environmental Protection Agency.
Financial & Professional Services – Demand for Class A office space in Arlington also comes from firms such as Deloitte, Accenture, Leidos, and Booz Allen Hamilton.
Corporate Office – A significant amount of white collar employment is created by large companies headquartered in Arlington, such as Alcalde and Fay, Arlington Asset Investment, ESI International, FBR Capital Markets, and AES.

Arlington Demographics

Population

Total Population223,945
Male Population(50.0 %) 112,006
Female Population(50.0 %) 111,939
Median Age33.90

Income/Financial

Average Household Income$138,378
Median Household Income$105,763
Median Income Under 25$60,357
Median Income 25-44$106,439
Median Income 45-64$129,462
Median Income Over 65$75,095

News

Top 20 Office Deals of H1 2017

August 17, 2017

After a cautious, yet fruitful year in 2016, investors continue to bet on the bustling U.S. office sector. We used in-depth Yardi Matrix data to compile a list of the 20 largest office transactions to close during the first six months of the current year, and the results paint a promising pictur...

DC Metro Office Sales Cool Down in Q2

August 14, 2017

The Washington, D.C., office sales market started the year in full force, with more than $2 billion worth of properties changing hands in the first three months of 2017. The following quarter didn’t manage to rise to the same level, with sales volume dropping by more than $1 billion, accor...

DC Metro Office Sales Up 46% in Q1 2017

April 12, 2017

Despite the tumultuous political environment of the past year, and uncertainty regarding new policy changes that could affect the commercial real estate realm, investors were bullish on the Washington, D.C, office market in the first quarter of 2017. The market started the new year in full force...

Office Space for Rent in Arlington, VA - 261 Listings