As a whole, the office market in Tysons remains challenged, but declining demand for office space, a national trend in the wake of the COVID-19 pandemic, is hitting some properties harder than others.
The area’s office vacancy rate continues to climb, reaching 22% as of Sept. 30, up from 19% at the same time in 2023 and 14% in mid-2020, according to data from the Tysons Community Alliance’s (TCA) inaugural Tysons Quarterly Market Report.
A nuanced effort to convert vacant office buildings into residential housing could be a net fiscal positive for the Fairfax County government.
That was the conclusion of an analysis presented to county leaders on Tuesday (Oct. 1). But it arrived with some caveats and some questions from members of the Board of Supervisors.
A federal contractor owned by the largest Native American tribe in the U.S. has expanded its presence in the country’s capital region by adding a Tysons office.
Cherokee Federal announced Friday (Aug. 9) that it has opened an area office at 8180 Greensboro Drive, Suite 900, in Greensboro Park. The 20,000-square-foot space will host over 100 employees and complement the company’s regional office in Arlington.
Meta, the technology company that owns Facebook and Instagram, appears to be planning a dramatic downsizing of its office space in Reston Town Center, the Washington Business Journal says.
A listing on the commercial real estate database CoStar indicates that two floors of the office building at 1818 Library Street will become available in June 2025, the WBJ reported yesterday (Wednesday). That would amount to 51,000 square feet or two-thirds of the roughly 75,000 square feet of office space that Facebook leased in 2019.
Retail giant Walmart is finally planning to move into Herndon, more than four years after it originally leased office space in the area.
According to Fairfax County records, the discount department and grocery store chain filed for permits last month to renovate the first four floors of the six-floor office building at 2245 Monroe Street, totaling approximately 83,300 square feet.
The architecture consulting firm that helped design Capital One Center’s baseball stadium now has a base of its own in Tysons.
Little Diversified Architectural Consulting moved into a new office in Pinnacle Towers (1753 Pinnacle Drive) at the end of February, a spokesperson for the national company announced on Feb. 29.
Newspaper publisher Gannett has left its longtime home in Tysons.
The media company behind USA Today and hundreds of local news outlets across the U.S. moved out of its headquarters at Valo Park (7950 Jones Branch Drive) in February, setting the stage for a relocation to New York City.
A land design and engineering firm will expand soon with a new office in Fairfax County, where it already regularly consults on development projects.
Headquartered in Woodbridge, Land Design Consultants (LDC) announced Thursday (Nov. 9) that it will open a second Northern Virginia office in Metroplace I, an 8-floor office building at 2650 Park Tower Drive near the Dunn Loring Metro station.
The workers who clean office buildings around Fairfax County won’t have to hit the picket lines anytime soon.
The union representing about 9,100 commercial office cleaners in the D.C. area reached a tentative agreement yesterday (Tuesday) for a new contract with property owners in the Washington Service Contractors Association (WSCA), averting a potential strike.
Another strike may be on the horizon for the D.C. area, this time led by office cleaners who say wages have stagnated even after they were expected to keep working through the pandemic.
About 9,100 janitors, more than 3,000 of them in Northern Virginia, are voting this week on whether to go on strike if they’re unable to agree on a new contract with the Washington Service Contractors Association (WSCA) before the existing one expires on Oct. 15.
