Commercial Real Estate

Commercial Real Estate

The Fairfax County Economic Development Authority's Market Intelligence division provides comprehensive, accurate and up-to-date business and real estate information to help firms interested in locating or expanding in Fairfax County. Real estate specialists work closely with staff from the FCEDA's three marketing divisions to provide data on commercial space and land that is tailored to prospects' stated needs. Real estate staff closely tracks more than 150 million square feet of office and industrial/hybrid (flex) space in Fairfax County using a proprietary database and a wide array of other market intelligence.

Real estate staff also provides other important assistance to prospects:

• They can act as a liaison between the business and development communities.
• Staff can arrange meetings between prospects and relevant county regulatory agencies and officials to answer questions and address issues concerning land use, zoning and permitting.
• FCEDA's real estate specialists are available to speak to business and professional organizations on all aspects of commercial real estate in Fairfax County including providing overviews of the local commercial market as a whole as well as submarket analyses.

Download a copy of the Real Estate Report. This report examines corporate leasing and lease rates, construction activity, vacancy rates and development trends in the county and its 17 commercial submarkets for the preceding six-month period.

Download a PowerPoint presentation about commercial real estate activity in Fairfax County. This report has information on the latest construction activity and proposed construction in the county’s major submarkets.

Commercial Real Estate Market Information

• Office Market
• Industrial/Flex Market
• Hotel Market
• Retail Market

Business Areas

Fairfax County has 17 real estate submarkets, each offering their own unique advantages from mixed-use development to office and flex space and retail and hotel development.

The innteractive Virtual Fairfax application allows visitors to see hundreds of 3-D buildings in several commercial corridors, take tours of the county (historic sites or commercial areas), view terrain and the latest aerial imagery, search for addresses, schools, parks, and county places and easily link to other Fairfax County data like detailed neighborhood reports in My Neighborhood, tax administration assessment information and land development information in LDSNet, developed by the Fairfax County Department of Information Technology in conjunction with the Department of Planning and Zoning.

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Real Property Tax Assessment Information

The Real Estate Division of the Department of Tax Administration (DTA) is responsible for the annual assessment of all real property in the county. Virginia law requires that assessments be uniform and based on 100 percent of fair market value. The assessments are effective January 1 of each year. The assessment provides the basis for taxation, depending upon the tax rate ultimately adopted by the Board of Supervisors. The tax rate for FY 2010 is $1.09 per $100 assessed value.

• Search for tax assessment information on individual properties and specific parcels of land here.
• Visit the Fairfax County Department of Tax Administration Web site for further information regarding assessments and real property taxes.

Planning, Zoning and Building Codes

As with virtually all jurisdictions, Fairfax County requires strict adherence to a comprehensive plan, zoning regulations and building codes. Additional information on these topics are available from either the Fairfax County Department of Planning and Zoning (DPZ) or the Fairfax County Department of Public Works and Environmental Services (DPWES).

Copies of the Fairfax County commercial and industrial zoning map are available by e-mailing the FCEDA's Market Research and Real Estate Division.

Revitalization Programs

Fairfax County is actively preserving and  enhancing its mature commercial and residential areas through a number of wide-ranging revitalization initiatives. The Office of Community Revitalization and Reinvestment (OCRR) coordinates revitalization activities for the county. Fairfax County’s revitalization efforts focus on seven communities—Annandale, Baileys Crossroads/Seven Corners, the Lake Anne section of Reston, McLean, Merrifield, Richmond Highway and Springfield—though revitalization programs are applicable countywide.

For more details, visit the OCRR Web site or contact the office at 10565 Lee Highway (Fairfax Boulevard), Suite 200, Fairfax, VA  22030, 703-246-6500, Revitalization@fairfaxcounty.gov.

Base Realignment and Closure Commission

Click here to access information on the Base Realignment and Closure Commission (BRAC) and the effect of its recommendations on Fairfax County.

Additional Information

Additional information, such as available buildings and sites, may be requested by sending an e-mail or by calling 703-790-0600 and asking to speak to the Marketing Manager on duty. You can also check the Frequently Asked Questions section of this Web site.