Fairfax County Has a Place for Your Business

For commercial real estate options, Fairfax County provides attractive choices in an ever-evolving business world.

In a market where real estate opportunities change every minute — and we’ve seen them change recently — you need an insider’s guidance. The FCEDA is here for you with comprehensive, accurate and up-to-date commercial real estate information across each submarket of Fairfax County.

With more than 119 million square feet of space, the Fairfax County office market is the second-largest suburban office market in the U.S. and the largest in the metro D.C. area. It provides a concentration of spaces and commercial real estate near Washington, D.C. Diversity is key, and as the world evolves how we do business, so, too, do the spaces where we conduct that business. Fairfax County has additional alternative office spaces for companies who need options. By year-end 2020, there were 2.7 million square feet of new office construction underway — but prices are still competitive.

The county has more than 39 million square feet of industrial and flex space and average square footage property cost in Fairfax will make it clear why so many companies choose the region. The FCEDA’s team works closely with area real estate specialists to bring you extensive data on commercial space and land. Our team has a proprietary database and other market intelligence to help you find the best location for your business.

Office Market

The Second-Largest Suburban Office Market in the U.S.

With more than 119 million square feet of space, Fairfax County is the second-largest suburban office market in the U.S. and the largest in the Washington, D.C., area. It is also the largest office market in Virginia.

Fairfax County offers the full range of commercial real estate options. All business districts are easily accessible by rail or bus lines.

The Dulles Corridor in northern Fairfax County runs from the Capital Beltway to Washington Dulles International Airport and includes our largest submarkets of Tysons, Reston, the Herndon area and Chantilly.

Central Fairfax County business centers stretch along the Interstate 66 and Route 50 transit corridors from inside the Capital Beltway to the western end of the county. Submarkets such as Fairfax Center and Merrifield house major corporate headquarters as well as small and mid-sized technology start-ups. Metrorail’s Orange Line connects employees and residents to the Washington, D.C., region.

The Interstate 95 corridor, which comprises much of eastern and southern Fairfax County, features an outstanding transportation network that includes the main north-south highway on the U.S. east coast (I-95) and Richmond Highway (U.S. Route 1). Federal agencies and contractors have a large presence in markets such as Springfield/Franconia, Baileys Crossroads, Richmond Highway and Lorton. Metrorail’s Blue and Yellow lines, and the Virginia Railway Express, connect these communities to the Washington, D.C., region.

Download our latest Real Estate Report for detailed information about lease rates for Fairfax County submarkets, or contact us.

Industrial and Flex Markets

39 Million Square Feet of Industrial and Flex Space

In addition to our thriving office market, Fairfax County has more than 39 million square feet of industrial and flex space, ranging from office intensive flex product, to high-bay warehouse and distribution facilities.

The majority of industrial/flex space is located in three submarkets: Springfield, Newington/Lorton, and Chantilly. The rest of the industrial/flex space is located throughout the county in the following submarkets: Baileys Crossroads, Burke, Dulles, Herndon (Town), Merrifield, Reston, Springfield/Franconia, Tysons, and Vienna.

Want business resource support? Let us help.

Stephen Tardititi, Director, Market Intelligence

Stephen Tardititi

Director, Market Intelligence

starditi@fceda.org
703-790-0600
LinkedIn

Rankings & Facts

#2

Fairfax County ranks 2nd in the US for suburban office space

3.5 million

square feet of office space leased in 2020

17

diverse submarkets attract diverse businesses across the county