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

Office

Total Office SF delivered since 2010

4.3M

Office

Maximum Approved Office SF

24.3M

Office

% Office Inventory that is Trophy

16%

Employment

Annual Employee Visits

Employment

Monthly Employee Visits (Previous 12 Months)

Office

Trophy Office Vacancy

15%

Office

Trophy Office Avg. Asking Rent/SF

$60.67

Office

Office Vacancy

22%

Office

Avg. Market Asking Rent/SF

$37.79

Office

Avg. Market Sales Price/SF

$266

Office

Net Absorption SF

-231K
Office table and chairs

Residential

Residential

Residential Inventory SF

19.5M

Residential

Residential Inventory Units

16k

Residential

Residential SF Under Construction

1.03M

Residential

Units Under Construction

976

Demographic

Total Population

29K

Demographic

Projected Avg. Annual Pop. Growth 2023-30

4.6%

Residential

Residential Occupancy

94%

Residential

Percent of Units Under Construction that are Affordable

100%

Residential

Avg. Market Asking Rent per SF

$2.98

Residential

Projected Multi-Family Unit growth by 2033

82%

Residential

Total SF of Residential Delivered since 2010

8M

Residential

Percent Owned and Rented Units

Owned
vs
Rented

Residential

Distribution of Existing Units

Retail

Retail

Retail Inventory SF

6M

Retail

Retail SF Under Construction

10K

Retail

Avg. Market Asking Rent per SF

$41.91

Retail

Retail Vacancy

2%

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.

Economy

Share of Fairfax County's Total Sales Tax Revenue

8%

Retail

Total Retail Stores

345

Retail

Total Restaurants & Bars

101

Retail

Total Entertainment Venues

42

Retail

Total Grocery Stores

7

Retail

Retail Recovery Index

117%

Hospitality

Hotel

Hotel Inventory

16

Hotel

Number of Hotel Rooms

3.9K

Hotel

Existing Meeting Space SF

94K

Hotel

Average Occupancy

70%

Hotel

Percentage of Hotel Revenues by Type

Hotel

Average ADR per night

$153.49

Hotel

Average RevPAR

$107.78

Hotel

Over-Night Visitors per Year

510k

Hotel

Over-Night Visitors YoY growth

+17.2%

Hotel

Covid-19 Hotel Recovery

+27%
Since 2021