Reston, VA Office Overview
Reston neighbors the Alexandria, Chantilly Town, and Falls Church markets. While the City of Reston itself has a population just over 60,000, the city is also part of the Washington D.C. metro area, which is home to over 6 million people. The economy is driven by a wide variety of business and industry.
As of mid-2017, the market encompasses over 17 million square feet of existing office space in properties larger than 50,000 square feet. Located near the Dulles Technology Corridor, the commercial real estate market sees a large amount of activity from the professional, scientific, and technology sectors.
Reston, VA Office Inventory Description
Reston is less than 10 miles from Tyson's Corner, the Capital Beltway, and Dulles International Airport. It does its part to contribute to the $436 billion in annual gross metropolitan product of the Washington D.C. metro area. Nearly 60% of the office space in Reston is Class A, with Class B adding another 40%.
Some of the most robust demand comes from portfolio-quality properties such as Fountain Square, SCS Engineers Building, and Reston Plaza I.
Reston, VA Commercial Inventory Breakdown
Office Spaces
Total: 25,423,960 SF
By square footage range:
- 50k to 100k SF: 2,761,358 SF / 10.86% of total office
- 100k to 500k SF: 17,962,548 SF / 70.65% of total office
- 500k to 1M SF: 4,700,054 SF / 18.49% of total office
By class:
- Class A+: 1,437,000 SF / 5.65% of total office
- Class A: 12,062,905 SF / 47.45% of total office
- Class B: 5,920,315 SF / 23.29% of total office
- Class C: 680,884 SF / 2.68% of total office
Top 10 Largest Office Buildings
in Reston
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| One Freedom Square | 11951 Freedom Drive, 20190 | 432,581 | 2000 |
| Two Freedom Square | 11955 Freedom Drive, 20190 | 421,757 | 2001 |
| Fannie Mae Complex | 11600 American Dream Way, 20190 | 404,145 | 1996 |
| Reston Station - 1900 Reston Metro Plaza | 1900 Reston Station Blvd, 20190 | 373,479 | 2017 |
| Reston Crossing I & II | 2001 Edmund Halley Drive, 20191 | 332,177 | 1998 |
| One Reston Overlook | 12011 Sunset Hills Road, 20190 | 319,519 | 1999 |
| Sunrise Technology Park | 12369 Sunrise Valley Drive, 20191 | 315,000 | 1982 |
| Plaza America Tower 3 | 11720 Plaza America Drive, 20190 | 302,038 | 2001 |
| Plaza America Tower 2 | 11710 Plaza America Drive, 20190 | 280,504 | 1999 |
| 17Fifty | 1750 Presidents Street, 20190 | 276,000 | 2020 |
Largest Office Properties Recently Completed
in Reston
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Reston Station - 1906 Reston Metro Plaza | 1906 Reston Station Blvd, 20190 | 166,570 | 2021 |
| 17Fifty | 1750 Presidents Street, 20190 | 276,000 | 2020 |
| General Dynamics Headquarters | 11011 Sunset Hills Road, 20190 | 160,000 | 2020 |
| Reston Station - 1900 Reston Metro Plaza | 1900 Reston Station Blvd, 20190 | 373,479 | 2017 |
| Reston Hospital Center - Pavilion II Medical Office Building | 1850 Town Center Drive, 20190 | 180,000 | 2014 |
| Democracy Tower | 11955 Democracy Drive, 20190 | 259,441 | 2009 |
| South of Market - 1875 Explorer Street | 1875 Explorer Street, 20190 | 253,643 | 2008 |
| South of Market - 1818 Library Street | 1818 Library Street, 20190 | 248,870 | 2008 |
| South of Market - 11950 Democracy Drive | 11950 Democracy Drive, 20190 | 121,153 | 2008 |
| One Dulles Corridor | 10740 Parkridge Blvd, 20191 | 215,579 | 2007 |
Reston, VA Green Office Space
With the high number of tech and venture capital firms, it comes as no surprise that there is a growing amount of green office space in town. There are twenty-one office buildings larger than 50,000 square feet and are labeled green (are LEED-Certified or are EPA Energy Star-rated). Combined, these properties add over 3.5 million square feet of green office space to the market.
A great example is Reston Station at 1900 Reston Metro Plaza. Constructed in 2017, this Class A property contributes over 373,000 square feet and is LEED-Certified Silver.
In 2017, the National Green Building Adoption Index surveyed the top 30 office markets in the U.S. and learned that over the past 12 years the percentage of green office space has increased by more than 33% nationwide.
Reston, VA's Top Office-Using Sectors
Reston receives significant demand from top like government, technology, venture capital, and large corporate offices.
- Government – Google Federal Services, the United States Geological Survey, and the National Wildlife Federation.
- Technology – Carahsoft, ComScore, Leidos, Maximus, NVR, Verisign, and Learning Tree International.
- Venture Capital – Updata Partners, Ventana Capital, and New Atlantic Ventures.
- Corporate Office – Gate Group, CNRI, NII, and the American College of Radiology.
Frequently Asked Questions
How much does office space cost in Reston, VA?
The average office rental rate in Reston, VA is $31.69 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 Reston Office Market Trends for more stats.
What is the size of available office spaces in Reston, VA?
The Reston, VA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 80,892 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Reston, VA is 425 square feet, while the maximum rentable space on the market now is 161,359 square feet.
How do I get office space in Reston, VA?
Start your search for office space in Reston, 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 Reston, VA?
There are 165 office listings on the Reston, VA market. See all available office spaces for rent.
What other property types are available for lease in Reston, 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.
Reston Demographics
Population
- Total Population61,147
- Male Population(48.0 %) 29,356
- Female Population(52.0 %) 31,791
- Median Age39.80
Income/Financial
- Average Household Income$151,188
- Median Household Income$120,396
- Median Income Under 25$79,643
- Median Income 25-44$127,057
- Median Income 45-64$133,424
- Median Income Over 65$86,574