Market
Learn more about the current state of Tysons' real estate market across the office, residential, retail, and hospitality sectors.
Office
Office
Office Inventory
29M
Square Feet
2023 Market Study
Office
Approved Office SF
18.4M
Q4 2023
Office
Office Vacancy
20%
Q4 2023
Office
Total Office SF delivered since 2010
4.3M
Q4 2023
Office
Market Asking Rent/SF
$37.77
Q4 2023
Office
Market Sales Price/SF
$281
Q4 2023
Office
Growth in Office Rents 2020-2023
7%arrow_drop_up
2023 Market Study
Office
% of Office that is Class A
76%
2023 Market Study
Employment
Annual Employee Visits
1/1/2024
Employment
Monthly Employee Visits
1/1/2024
Economy
Office-Using Workers
96K
of the total 116K workers are office using
of the total 116K workers are office using
Office
Net Absorption
-16.6K
Square Feet
Q4 2023
Residential
Residential
Residential Inventory SF
17.7M
2023 Market Study
Residential
Residential Inventory Units
15k
2023 Market Study
Residential
Residential SF Under Construction
2M
2023 Market Study
Residential
Units Under Construction
1,557
1/1/2024
Demographic
Total Population
29K
2023 Market Study
Demographic
Projected Population Growth 2023-2030
4.6%arrow_drop_up
2023 Market Study
Residential
Residential Vacancy
10%
Q4 23
Residential
Affordable Units Under Construction
516
1/1/2024
Residential
Average Rent per SF
$2.74
Q4 23
Residential
Projected Multi-Family Unit growth by 2033
82%arrow_drop_up
2023 Market Study
Residential
Total Planned Units
3,300
1/1/2024
Residential
Distribution of Affordable and Market Rate Units Under Construction
33%
Affordable Units
Residential
Percent Owned and Rented Units
Owned
vs
Rented
2023 Market Study
Residential
Distribution of Existing Units
2023 Market Study
Residential
Total SF Residential delivered since 2010
7.2M
1/1/2024
Retail
Retail
Retail Inventory SF
5.5M
Square Feet
2023 Market Study
Retail
Retail SF Under Construction
123K
Square Feet
2023 Market Study
Retail
Average Retail Rent per SF
$39.82
2023 Market Study
Retail
Retail Vacancy
3%
Q4 2023
Retail
Annual Visitation
1/1/2024
Retail
Monthly Visits (Previous 12 Months)
1/1/2024
Retail
Origin of Retail Spending
65%
of the $2.4B spent in Tysons emanates from visitors.
2023 Market Study
Retail
Share of Fairfax County's Total Sales Tax Revenue
10%
2023 Market Study
Retail
Total Retail Stores
345
2023 Market Study
Retail
Total Restaurants & Bars
101
2023 Market Study
Retail
Total Entertainment Venues
42
2023 Market Study
Retail
Total Grocery Stores
7
1/1/2024
Hospitality
Hotel
Hotel Inventory
14
1/1/2024
Hotel
Number of Hotel keys/rooms
3.2K
1/1/2024
Hotel
Existing Meeting Space
94K
Square Feet
2023 Market Study
Hotel
Average Occupancy
64%
Q4 2023
Hotel
Average ADR per night
$165
Q4 2023
Hotel
Average RevPAR
$104
Q4 2023
Hotel
Revenues by Type
2023 Market Study
Hotel
Covid-19 Hotel Recovery
+27%arrow_drop_up
Since 2021
Q4 2023
Hotel
Over-Night Visitors per Year
510k
1/1/2024
Hotel
Over-Night Visitors YoY growth
+17.2%arrow_drop_up
1/1/2024