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: 12,641,346 SF
By square footage range:
- 50k to 100k SF: 3,257,974 SF / 25.77% of total office
- 100k to 500k SF: 9,383,372 SF / 74.23% of total office
By class:
- Class A: 6,605,822 SF / 52.26% of total office
- Class B: 5,680,787 SF / 44.94% of total office
- Class C: 292,737 SF / 2.32% of total office
Top 10 Largest Office Buildings
in Fairfax
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 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 |
| 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 |
| Hunters Branch 2 | 9302 Lee Hwy, 22031 | 216,324 | 1989 |
| Centerpointe I | 4050 Legato Road, 22033 | 214,652 | 1987 |
| Centerpointe II | 4000 Legato Road, 22033 | 212,932 | 1989 |
Most Recently-Built Office Buildings
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 |
| Fairfax Corner South | 4100 Monument Corner Drive, 22030 | 129,000 | 2002 |
| Prosperity Metro Plaza | 2675 Prosperity Avenue, 22031 | 326,519 | 2001 |
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.
Fairfax Demographics
Population
- Total Population23,865
- Male Population(49.4 %) 11,801
- Female Population(50.6 %) 12,064
- Median Age38.10
Income/Financial
- Average Household Income$132,435
- Median Household Income$111,574
- Median Income Under 25$17,321
- Median Income 25-44$120,825
- Median Income 45-64$129,519
- Median Income Over 65$79,671
News
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