Market
Learn more about the current state of Tysons’ real estate market across the office, residential, retail, and hospitality sectors.
Office
Office
Office Inventory SF
29.5M
This metric shows the total square footage of existing office space in Tysons. Source: CoStar, Tysons Tracker
Office
Total Office SF delivered since 2010
4.3M
This metric shows the square footage of office space delivered in Tysons since the adoption of the 2010 Tysons Comprehensive Plan. Source: Tysons Tracker, TCA Development Pipeline
Office
Maximum Approved Office SF
24.3M
This metric shows the total square footage of office space approved and unbuilt in Tysons by either CDP, FDP or Site Plan. Source: Tysons Development Pipeline
Office
% Office Inventory that is Trophy
16%
This metric shows the percentage of office space in Tysons that is Trophy quality. Source: Stream Realty Partners
Employment
Annual Employee Visits
Employment
Monthly Employee Visits (Previous 12 Months)
Office
Trophy Office Vacancy
15%
This metric shows the average vacancy rate for a square foot of Trophy quality office space in Tysons. Source: Stream Realty Partners
Office
Trophy Office Avg. Asking Rent/SF
$60.67
This metric shows the average market asking rent for a square foot of Trophy quality office space in Tysons. Source: Stream Realty Partners
Office
Office Vacancy
21%
This metric shows the most recent quarterly average office vacancy rate in Tysons. Source: CoStar
Office
Avg. Market Asking Rent/SF
$38.54
This metric shows the average asking rent for a square foot of office space in Tysons. Source: CoStar
Office
Avg. Market Sales Price/SF
$251
This metric shows the average sales price for a square foot of office space in Tysons. Source: CoStar
Office
Net Absorption SF
244K
This metric shows the total net change in office square footage leased by tenants in Tysons in the last quarter. Source: CoStar
Residential
Residential
Residential Inventory SF
19.5M
This metric shows the total residential square footage in Tysons. Source: Tysons Tracker
Residential
Residential Inventory Units
16k
This metric shows the total number of existing housing units in Tysons. Source: Tysons Tracker
Residential
Residential SF Under Construction
1.03M
This metric shows the total square footage of residential space under construction in Tysons. Source: TCA Development Pipeline
Residential
Units Under Construction
976
This metric shows the total number of housing units under construction in Tysons. Source: TCA Development Pipeline
Demographic
Total Population
29K
This metric shows the estimated 2023 total population of Tysons using Fairfax County and Census data. Source: Fairfax co. 2023 Market Study
Demographic
Projected Avg. Annual Pop. Growth 2023-30
4.6%
This metric shows the projected average annualized population growth of Tysons between 2023 and 2030. Source: Fairfax co. / 2023 Market Study
Residential
Residential Occupancy
94%
This metric shows the most recent quarterly average residential occupancy rate in Tysons. Source: CoStar
Residential
Units Under Construction that are Affordable (%)
100%
This metric shows the percentage of housing units under construction in Tysons that are affordable. Source: TCA Development Pipeline
Residential
Avg. Market Asking Rent per SF
$2.97
This metric shows the most recent quarterly average rent per square foot for a multi-family residential unit in Tysons. Source: CoStar
Residential
Projected Multi-Family Unit growth by 2033
82%
This metric shows the total % growth projected for multi-family housing units in Tysons by 2033. Source: 2023 Market study
Residential
Total SF of Residential Delivered since 2010
8M
This metric shows the square footage of residential delivered in Tysons since the adoption of the 2010 Comprehensive Plan. Source: Tysons Tracker, TCA Development Pipeline
Residential
Percent Owned and Rented Units
Owned
vs
Rented
Residential
Distribution of Existing Units
Retail
Retail
Retail Inventory SF
6M
This metric shows the total square footage of existing retail space in Tysons. Source: Tysons Tracker
Retail
Retail SF Under Construction
10K
This metric shows the total square footage of retail space under construction in Tysons. Source: TCA Development Pipeline
Retail
Avg. Market Asking Rent per SF
$42.74
This metric shows the average asking rent for a square foot of retail space in Tysons in the most recent quarter. Source: CoStar
Retail
Retail Vacancy
2.4%
This metric shows the most recent quarterly average retail vacancy rate in Tysons. Source: CoStar
Retail
Annual Visitation
Retail
Monthly Visits (Previous 12 Months)
Retail
Origin of Retail Spending
65%
of the $2.4B spent in Tysons emanates from visitors.
This metric shows the percentage of retail sales in Tysons that are generated by visitors. Source: Claritas
Economy
Share of Fairfax County's Total Sales Tax Revenue
8%
This metric shows the percentage of Fairfax County's sales tax revenues that are generated within Tysons. Source: 2024 Net Fiscal Impact Analysis
Retail
Total Retail Stores
345
This metric shows the number of clothing, furniture, electronic, sport/hobby, general merchandise, garden and misc. retail locations in Tysons as of Q2 2023. Source: Data axle/HR&A
Retail
Total Restaurants & Bars
101
This metric shows the number of restaurants and bars in Tysons as of Q2 2023. Source: Data axle/HR&A
Retail
Total Entertainment Venues
42
This metric shows the number of movie theatres, gym/sports facilities, spas, hobby stores, performing arts facilities, book stores, and bowling alleys in Tysons as of Q2 2023. Source: Data axle/HR&A
Retail
Total Grocery Stores
7
This metric shows the number of grocery stores in Tysons in 2024. Source: CoStar/ TCA
Retail
Retail Recovery Index
113%
This metric shows the % change of visits to Tysons retail locations between the most recent quarter and the same quarter baseline in 2019. 100% represents the same number of visits this year as 2019. Source: Placer.ai
Hospitality
Hotel
Hotel Inventory
16
This metric shows the current number of operating hotels in Tysons. Source: CoStar
Hotel
Number of Hotel Rooms
3.9K
This metric shows the total number of hotel rooms in Tysons. Source: CoStar
Hotel
Existing Meeting Space SF
94K
This metric shows the total square footage of convening spaces in Tysons. Source: Kalibri Labs
Hotel
Average Occupancy
68%
This metric shows the most recent 2 month average occupancy rate of hotels in Tysons. Source: CoStar
Hotel
Percentage of Hotel Revenues by Type
Hotel
Average ADR per night
$174.72
This metric shows the most recent 2 month average daily rate for all hotel rooms in Tysons. Source: CoStar
Hotel
Average RevPAR
$120.48
This metric shows the most recent 2 month average revenue per available room rate for all hotels in Tysons. Source: CoStar
Hotel
Over-Night Visitors per Year
510k
This metric comes from the Placer domestic travel and tourism report. The number represents the number of people who traveled from their primary residence to Tysons to visit over night for up to 31 days. The percentage is the change from the previous year. Source: Placer.ai
Hotel
Over-Night Visitors YoY growth
+17.2%
This metric comes from the Placer domestic travel and tourism report. The number represents the number of people who traveled from their primary residence to Tysons to visit over night for up to 31 days. The percentage is the change from the previous year. Source: Placer.ai
Hotel
Covid-19 Hotel Recovery
+27%
Since 2021
This metric shows the percent increase in average hotel occupancy rates in Tysons compared to the 2021 annual average, the lowest occupancy rate year as a result of the covid-19 pandemic. Source: CoStar