2023 Office Space Rent & Sales
- $23.77 2023 Avg. Asking Rent
- 11.26% 2023 Office Vacancy Rate
Chantilly office price per square foot in 2023 was $23.77 on average. The local office market recorded an average vacancy rate of 11.26% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Chantilly Class A & A+ Office Space$36.39
- Chantilly Class B Office Space$22.71
- Chantilly Class C Office Space$16.00
- Virginia Class A & A+ Office Space$36.28
- Virginia Class B Office Space$26.18
- Virginia Class C Office Space$32.04
Chantilly, VA Office Asking Rents by Class
Average office rent in Chantilly rested at $23.77 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Chantilly averaged $36.39 per square foot. Across all submarkets, class B office space recorded an average asking rent of $22.71 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.00 per square foot, on average. Comparably, statewide Virginia average office rents by class in 2023 were: $36.28 per square foot for class A office space; $26.18 per square foot for class B office space; $32.04 per square foot for class C office space.
2023 Office Vacancy Rates in Chantilly
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Rt 28 Corridor South | $26.97 | 11.75% |
Rt 28 Corridor North | $21.92 | 7.63% |
Coworking Spaces in Virginia
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- Chattanooga Coworking Space
2023 Office Construction in Chantilly, VA
Office building | Address | SF | Completed |
---|---|---|---|
14566 Lee Road | 14566 Lee Road, 20151 | 70,000 | 2010 |
Northridge at Westfields | 15002 Northridge Drive, 20151 | 99,464 | 2007 |
14526 Lee Road | 14526 Lee Road, 20151 | 31,242 | 2006 |
Investment Office Condo Portfolio | 14137 & 14131 Robert Paris Court, 20151 | 2,775 | 2006 |
14137 Robert Paris Ct | 14137 Robert Paris Court, 20151 | 1,450 | 2006 |
14131 Robert Paris Ct | 14131 Robert Paris Court, 20151 | 1,325 | 2006 |
4803 Stonecroft Boulevard | 4803 Stonecroft Boulevard, 20151 | 81,231 | 2005 |
Class A Commercial Office Condominium #135 | 14801 Murdock St. #135, 20151 | 4,100 | 2005 |
Class A Commercial Office Condominium #135 | 14801 Murdock St. #135, 20151 | 4,100 | 2005 |
Avion Business Park - Lakeside II | 3975 Virginia Mallory Drive, 20151 | 130,265 | 2004 |
Worth noting among recent office completions on the Chantilly market is 14566 Lee Road, which is currently the largest new office development in the city, at 70,000 square feet.
See reports for other markets
- Richmond Office Rent Price
- Virginia Beach Office Rent Price
- Arlington Office Rent Price
- Henrico Office Rent Price
- Alexandria Office Rent Price
- Fredericksburg Office Rent Price
- Fairfax Office Rent Price
- Glen Allen Office Rent Price
- Norfolk Office Rent Price
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Chantilly commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.