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Office Space for Rent in Fairfax, VA - 92 Listings

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Fairfax, VA - Office Market Overview

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The Fairfax commercial real estate market includes the Courthouse Plaza, Fair Lakes, and Fairfax Associates office submarkets. While the City of Fairfax itself is home to less than 25,000 people, it is also part of the greater Washington D.C.- Northern Virginia metro area, which is home to over 6 million residents. Located just 17 miles from Washington D.C., the economy of Fairfax is driven by its proximity to the nation's capital.

As of mid-2017 the Greater Fairfax office market encompasses nearly 12.5 million square feet of existing office space in properties larger than 50,000 square feet. A strong and deep mix of business, including education, government, and technology, all help to drive the demand for commercial real estate in Fairfax, VA.

Fairfax, VA - Office Inventory Description

Recently rated as #3 among the top 25 places to live well by Forbes Magazine, Fairfax is able to almost effortlessly attract business of all types. The city also contributes more than its share to the Washington D.C. metro area's gross annual product of $436 billion. The demand for office space in Fairfax is consistently strong. Nearly 50% of the office space in Fairfax is Class A or A+, while Class B office space accounts for 46% of Fairfax office market inventory.

The Centerpointe office submarket in Fairfax is one of the many areas in the city that sees predictable demand from Class A tenants and professional commercial real estate investors. Located south of the Lee Jackson Memorial Highway between Route 608 and State Route 66, this part of Fairfax is home to Class A office buildings such as One Monument Place, Centerpointe II, and One Fair Oaks Plaza at 4114 Legato Road.

Fairfax, VA Commercial Inventory Breakdown

Office Spaces

Total: 12,153,063 SF

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

By square footage range:

  • 50k to 100k SF: 2,956,896 SF / 24.33% of total office
  • 100k to 500k SF: 9,196,167 SF / 75.67% of total office

By class:

  • Class A: 6,689,867 SF / 55.05% of total office
  • Class B: 5,337,977 SF / 43.92% of total office
  • Class C: 125,219 SF / 1.03% of total office

Top 10 Largest Office Buildings

in Fairfax

Office building Address Sqft Year built
Prosperity Metro Plaza , 22031 326,519 2001
12900 Federal Systems Park Drive , 22033 309,757 1991
11250 Waples Mill Road , 22030 304,770 1989
Argon Plaza , 22033 273,539 1988
CGI Building , 22033 259,209 1995
Prosperity Medical Center I, II & III , 22031 253,293 2001
One Monument Place , 22033 221,538 1990
The Atrium at Fair Lakes , 22033 220,045 1986
One Fair Oaks Plaza , 22033 218,000 1986
Hunters Branch 2 , 22031 216,324 1989

Most Recently-Built Office Buildings

in Fairfax

Office building Address Sqft Year built
Fairfax Corner Commons East , 22030 155,000 2018
Pender Professional Center , 22033 77,600 2015
Inova Fair Oaks Hospital - Medical Office Building IV , 22033 112,482 2014
Inova Fair Oaks MOB 3 , 22033 100,952 2009
Old Town Plaza , 22030 91,000 2007
Bridgewater Corporate Center , 22030 198,062 2006
Fair Lakes VII , 22033 152,507 2003
Fairfax Corner South , 22030 129,000 2002
Prosperity Metro Plaza , 22031 326,519 2001
Prosperity Medical Center I, II & III , 22031 253,293 2001

Fairfax, VA - Green Office Space

Employment

The demand for energy-efficient office space is growing across the country, and developers in Fairfax are beginning to meet this demand. While there is currently a little less than 200,000 square feet of green office space in Fairfax, the city is home to some very impressive green office buildings. Among them is the Bridgewater Corporate Center on Random Hills Road. Built in 2006, this Class A office building brings over 198,000 square feet of LEED Gold-certified office space to the Random Hills commercial real estate submarket of Fairfax.

The National Green Building Adoption Index surveyed the top 30 office markets in the country to gauge how adoption of energy-efficient, green office space has changed over time. The reports looks at buildings that are classified as “green”, that hold a LEED certification or Energy Star rating. Since 2005, the percentage of green office space has increased to 38% across the top 30 office markets in the U.S.

Fairfax, VA's Top Office-Using Sectors

The Fairfax commercial real estate market is driven by the top office-using sectors of healthcare, education, technology, and large corporate office-users.

  • Healthcare – The Fairfax Rehabilitation & Nursing Center, Inova Health System, and the Kaiser Health Foundation are some of the largest employers and users of white-collar office space in the Fairfax metro area.
  • Education – George Mason University is Virginia's largest public educational institution and also attracts a large number of white collar office employers to Fairfax, Virginia.
  • Technology – Demand for Class A office space comes from firms such as G4S Secure Solutions, Zeta Associates, and Multivision, Inc.
  • Corporate Office – Companies in this top office-using sector in the Fairfax region include Dominion Energy, Amazon Web Services, and BAE Systems.

Fairfax Demographics

Population

  • Total Population23,580
  • Male Population(49.3 %) 11,621
  • Female Population(50.7 %) 11,959
  • Median Age39.00

Income/Financial

  • Average Household Income$128,527
  • Median Household Income$106,870
  • Median Income Under 25$21,875
  • Median Income 25-44$112,981
  • Median Income 45-64$125,208
  • Median Income Over 65$77,112

News

Westport Lands a Steal of an Office Deal in DC

Westport Lands a Steal of an Office Deal in DC

June 20, 2017

Westport Capital Partners has completed the purchase of Tysons Executive Plaza I, a rare deal on the Greater DC office market. The 262,000-square-foot Class A Tysons Corner office building was originally built in 1985 and most recently refurbished in 2011. Although the 10-story office building m...

DC Metro Office Sales Up 46% in Q1 2017

DC Metro Office Sales Up 46% in Q1 2017

April 12, 2017

Executive Summary 2017 records highest Q1 sales volume in the past 4 years average price per square foot drops 8.8% year-over-year to $300 largest office sales of Q1 closed by Asian investors three office developments on track for Q2 delivery Despite the tumultuous political environment of the p...