Fairfax, VA Office Overview
The City of Fairfax is part of the greater Washington D.C.-Northern Virginia metro area. Located just 17 miles from Washington D.C., the city is home to nearly 25,000 residents. The local economy benefits from its proximity to the national capital, and the notable resilience of the business environment has allowed Fairfax City to redevelop and reposition itself in the region, supporting the so-called Fairfax Boulevard corridor on Route 50/29.
Its location in central Fairfax County, proximity to Washington Dulles International Airport, Reagan National Airport, and the Capital Beltway, as well as a strategic partnership with nearby George Mason University, make Fairfax City a highly attractive office market.
Fairfax, VA Office Inventory Description
As of mid-2017, the Greater Fairfax office market encompassed nearly 12.5 million square feet of office space in properties larger than 50,000 square feet. The local mix of business includes education, government, manufacturing, and technology.
Rated among the top 25 places to live well by Forbes Magazine, Fairfax does well to consistently attract businesses and is integral to the metro region’s gross annual product of $436 billion. Demand for office space in Fairfax is consistently strong. Nearly 50% of the office space in Fairfax is Class A, while Class B office space accounts for 46% of the inventory.
Most of the larger office properties are clustered in neighborhoods that are located along routes 50 and 66. These neighborhoods include Courthouse Square, Fairfax Associates, Fairfax Ridge, Mosby Woods, Fairfax Executive Park, and Fair Lakes.
Fairfax, VA Commercial Inventory Breakdown
Office Spaces
Total: 12,720,041 SF
By square footage range:
- 50k to 100k SF: 3,336,669 SF / 26.23% of total office
- 100k to 500k SF: 9,383,372 SF / 73.77% of total office
By class:
- Class A: 6,605,822 SF / 51.93% of total office
- Class B: 5,759,482 SF / 45.28% of total office
- Class C: 292,737 SF / 2.3% of total office
Top 10 Largest Office Buildings
in Fairfax
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Prosperity at Merrifield | 2700 Prosperity Avenue, 22031 | 658,901 | 1982 |
| Prosperity Metro Plaza | 2675 Prosperity Avenue, 22031 | 326,519 | 2001 |
| 12900 Federal Systems Park Drive | 12900 Federal Systems Park Drive, 22033 | 309,757 | 1991 |
| 11250 Waples Mill Road | 11250 Waples Mill Road, 22030 | 304,770 | 1989 |
| Fair Oaks Business Park | 3949 Pender Drive, 22030 | 290,000 | 1981 |
| Argon Plaza | 12701 Fair Lakes Circle, 22033 | 273,539 | 1988 |
| CGI Building | 12601 Fair Lakes Circle, 22033 | 259,209 | 1995 |
| Prosperity Medical Center I, II & III | 8501 Arlington Blvd, 22031 | 253,293 | 2001 |
| One Monument Place | 12150 Monument Drive, 22033 | 221,538 | 1990 |
| FP2 | 12902 Federal Systems Park Drive, 22030 | 220,045 | 1987 |
Largest Office Properties Recently Completed
in Fairfax
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Fairfax Corner Commons East | 4097 Monument Corner Drive, 22030 | 155,000 | 2018 |
| Fairfax Falls Church Community Services Board - Merrifield Center | 8221 Willow Oaks Corporate Drive, 22031 | 196,455 | 2014 |
| Inova Fair Oaks Hospital - Medical Office Building IV | 3580 Joseph Siewick Drive, 22033 | 112,482 | 2014 |
| Inova Fair Oaks MOB 3 | 3620 Joseph Siewick Drive, 22033 | 100,952 | 2009 |
| University Medical Building | 3801 University Drive, 22030 | 25,000 | 2009 |
| Old Town Plaza | 3925 Chain Bridge Road, 22030 | 91,000 | 2007 |
| Bridgewater Corporate Center | 11325 Random Hills Road, 22030 | 198,062 | 2006 |
| Fairfax Surgical Center | 10730 Main Street, 22030 | 27,455 | 2006 |
| Fair Lakes VII | 12730 Fair Lakes Circle, 22033 | 152,507 | 2003 |
| Fairfax Corner South | 4100 Monument Corner Drive, 22030 | 129,000 | 2002 |
Fairfax, VA Green Office Space
The demand for energy-efficient office space is growing across the country, and developers in Fairfax are also working hard to meet this demand. 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 encompasses over 198,000 square feet of LEED Gold-certified office space.
The National Green Building Adoption Index surveyed the top 30 office markets in the country to gauge how adoption of energy-efficient office space has changed over time. The report looked at properties that are classified as “green”, whether through a LEED certification, an EPA Energy Star rating, or compliance with another program. According to the 2017 Index, since 2005, the percentage of green office space has increased from below 5% to nearly 40% across the top 30 office markets surveyed.
Fairfax, VA's Top Office-Using Sectors
Demand on the Fairfax market is driven by top office-using sectors which include healthcare, education, technology, and administrative operations of large corporate office-users.
- Healthcare – The Fairfax Rehabilitation and Nursing Center, Inova Health System, and the Kaiser Health Foundation are some of the largest employers in the greater Farifax 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;
- Technology – Demand for office space is also driven by such firms as G4S Secure Solutions, Zeta Associates, and Multivision, Inc;
- Corporate Office – Dominion Energy, Amazon Web Services, and BAE Systems are a few of the companies that chose Fairfax to house large corporate operations.
Frequently Asked Questions
How much does office space cost in Fairfax, VA?
The average office rental rate in Fairfax, VA is $29.42 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Fairfax Office Market Trends for more stats.
What is the size of available office spaces in Fairfax, VA?
The Fairfax, VA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 20,075 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Fairfax, VA is 149 square feet, while the maximum rentable space on the market now is 40,000 square feet.
How do I get office space in Fairfax, VA?
Start your search for office space in Fairfax, VA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Fairfax, VA?
There are 166 office listings on the Fairfax, VA market. See all available office spaces for rent.
Where to rent an office space in Fairfax, VA?
Popular Fairfax neighbourhoods with available office spaces include Courthouse Square, Fair Lakes and Fairfax Executive Park.
What other property types are available for lease in Fairfax, VA?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Fairfax Demographics
Population
- Total Population23,531
- Male Population(48.6 %) 11,444
- Female Population(51.4 %) 12,087
- Median Age38.20
Income/Financial
- Average Household Income$138,288
- Median Household Income$116,979
- Median Income Under 25$27,125
- Median Income 25-44$122,739
- Median Income 45-64$136,250
- Median Income Over 65$91,406
News
HSS Hudson Yards Now Live; City of Hope Starts Cancer Campus in Irvine; CommunityMed Opens 7th North Texas Practice
June 16, 2020
City of Hope plans call for an acute care cancer hospital on the undeveloped acreage, which would be the first hospital in Orange County that is dedicated exclusively to the treatment of cancer, and is estimated to deliver in 2025.
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...
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...