2024 Office Space Rent & Sales
- $36.24 2024 Avg. Asking Rent
- 2.90% Y-o-Y Avg. Asking Rent Change
- 20.80% 2024 Office Vacancy Rate
Vienna office price per square foot in 2024 was $36.24 on average. This marked a +2.90% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.80% 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
2024 Average Office Rent per Square Foot
- Vienna Class A & A+ Office Space$39.62
- Vienna Class B Office Space$30.14
- Virginia Class A & A+ Office Space$35.61
- Virginia Class B Office Space$25.93
- Virginia Class C Office Space$20.32
Vienna, VA Office Asking Rents by Class
2024 Office Vacancy Rates in Vienna
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Tysons Corner | $38.89 | 18.68% |
| Merrifield | $31.83 | 18.52% |
Office Spaces for Rent in Virginia
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2024 Office Construction in Vienna, VA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Tysons West | 1500 Cornerside Blvd, 22182 | 165,800 | 2013 |
| Towers Crescent - 1850 Towers Crescent Drive | 1850 Towers Crescent Plaza, 22182 | 295,031 | 2008 |
| 2826 Old Lee Hwy | 2826 Old Lee Hwy, 22031 | 25,192 | 2004 |
| Metro Place II | 2600 Park Tower Drive, 22180 | 250,000 | 1999 |
| 7980 Quantum Dr | 7980 Science Applications Ct, 22182 | 80,000 | 1997 |
| Metroplace I | 2650 Park Tower Drive, 22180 | 175,676 | 1991 |
| Fairfax Square Tower II | 8075 Leesburg Pike, 22180 | 125,400 | 1990 |
| Fairfax Square Tower III | 8045 Leesburg Pike, 22180 | 125,400 | 1990 |
| Fairfax Square Tower I | 8065 Leesburg Pike, 22180 | 124,600 | 1990 |
| Plaza 1900 | 1900 Gallows Road, 22182 | 210,632 | 1989 |
Worth noting among recent office completions on the Vienna market is Tysons West, which is currently the largest new office development in the city, at 165,800 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Vienna 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.