Business Vital Statistics

The following facts give a broad overview of Fairfax County's business community.

Employment

Payroll establishments (2015) 36,583
Business establishments with fewer than 50 employees (2015) 94%
Non-employer establishments (businesses with no paid employees) (2014) 102,475
Number of jobs (2015) 587,126
Civilian labor force (December 2016) 630,708
Unemployment rate (December 2016) 3.0%
Residents working in Fairfax County (2014) 54.5%


Fairfax County Employment by Industry (2015)

Professional and technical services 26%
Management and administrative services 10%
Health care and social services 10%
Retail 9%
Educational services 8%
Accommodation and food services 7%
Public administration 5%
Construction 4%
Finance and insurance 4%
Information 4%
Other 13%


Employees in Fairfax County, by Age

Ages 19-34 33%
Ages 35-44 23%
Ages 45-54 23%
Ages 55-64   16%
Ages 65+  5%


Businesses

Foreign-owned firms (2015) 415
Minority-owned firms (2012) 47,911
Technology establishments (2015) 8,900
African American-owned firms (2012) 8,832
American Indian- and Alaska Native-owned firms (2012) 577
Asian-owned firms (2012) 24,645
Hispanic/Latino-owned firms (2012) 14,015
Native Hawaiian- and other Pacific Islander-owned firms (2012) 69
Woman-owned firms (2012) 41,905
Veteran-owned firms (2012) 12,378
Associations (2015) 285+

For additional information on businesses in Fairfax County,
visit www.fairfaxcountyeda.org/fact-sheets.


Commercial Real Estate

Office space - square feet (midyear 2016) 116.4 mil.
Office vacancy rate (midyear 2016)
   Direct 16.5%
   With sublet space 17.4%
Industrial/flex space - square feet (midyear 2016) 38.8 mil.
Industrial/flex vacancy rate (midyear 2016)
   Direct 10.3%
   With sublet space 10.6%
For additional information, consult the FCEDA Real Estate Report.


Federal Procurement

Government spending in Fairfax County (FY2016) $23.9 billion

 

Sources: Virginia Employment Commission, U.S. Census Bureau 2012 American Community Survey, Bureau of Labor Statistics, 3Q2015 US Census Local Employment Dynamics, Fairfax County Department of Systems Management for Human Services, Fairfax County Economic Development Authority, Federal Procurement Data System


Fairfax County Economic Indicators

The Fairfax County Department of Management and Budget produces a monthly roundup of information on the county's current economic climate, as well as selected economic indicators on the state and national levels, so county business leaders, residents and officials can better understand the local, state and national economies.