2023 Office Space Rent & Sales
- $28.89 2023 Avg. Asking Rent
- 1.25% Y-o-Y Avg. Asking Rent Change
- 12.54% 2023 Office Vacancy Rate
Annandale office price per square foot in 2023 was $28.89 on average. This marked a +1.25% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 12.54% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Virginia Class A & A+ Office Space$36.28
- Virginia Class B Office Space$26.18
- Virginia Class C Office Space$32.04
Annandale, VA Office Asking Rents by Class
2023 Office Vacancy Rates in Annandale
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Merrifield | $32.47 | 25.33% |
| Annandale | $30.20 | 26.86% |
Office Spaces for Rent in Virginia
Coworking Spaces in Virginia
- New York City Coworking Space
- Manhattan Coworking Space
- Atlanta Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Nashville Coworking Space
- Philadelphia Coworking Space
- Indianapolis Coworking Space
- Cincinnati Coworking Space
- Columbus Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Memphis Coworking Space
- Louisville Coworking Space
- Jersey City Coworking Space
- Cleveland Coworking Space
- Queens Coworking Space
- Richmond Coworking Space
- Bethesda Coworking Space
- Chattanooga Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| Heritage Center 4 | 7619 Little River Tpke, 22003 | 200,000 | 2003 |
| Heritage Center 3 East | 7611 Little River Turnpike, 22003 | 76,500 | 1990 |
| Annandale Office Center | 6715 Little River Turnpike, 22031 | 52,000 | 1986 |
| Annan Center Office Building | 4115 Annandale Rd, 22003 | 36,843 | 1986 |
| Merrion Square | 7345 McWhorter Place, 22003 | 32,412 | 1985 |
| Woodburn Medical Park I & II | 3289 Woodburn Road, 22003 | 180,324 | 1984 |
| Heritage Center 2 West | 7611 Little River Tpke, 22003 | 93,600 | 1982 |
| Bristow Center | 4302 Evergreen Lane, 22003 | 34,020 | 1982 |
| 7700 Little River Turnpike | 7700 Little River Turnpike, 22003 | 64,582 | 1979 |
| Heritage I | 7617 Little River Turnpike, 22031 | 82,000 | 1970 |
Worth noting among recent office completions on the Annandale market is Heritage Center 4, which is currently the largest new office development in the city, at 200,000 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
- Chesapeake Office Rent Price
- Herndon Office Rent Price
- Chantilly Office Rent Price
- McLean Office Rent Price
- Vienna Office Rent Price
- Reston Office Rent Price
- Sterling Office Rent Price
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 Annandale 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.