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
Office table and chairs

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