Further reductions in Fairfax County’s office building inventory are needed, but the commercial office sector is not a dinosaur destined for extinction, industry officials say.
“We’re seeing our existing tenants … beginning to need more space,” Barry Bass, a cofounder of the real estate investment firm Silverline Equities, told the Board of Supervisors’ Council for Economic Opportunity on Tuesday (June 16).
A combination of more sales and higher average prices pushed Fairfax County’s real estate sales volume up 17% year-over-year in May, according to new data.
A total of 1,427 residential properties went to closing last month, up 11.7% from 1,278 in May 2025, according to figures that MarketStats by ShowingTime reported June 10 based on data from Bright MLS.
More than 20,000 Fairfax County residents were counted as jobless for the 10th consecutive month in new employment data.
With 612,551 Fairfax residents employed in the civilian workforce and 20,272 looking for jobs, April’s unemployment rate of 3.2% was up from 2.8% year-over-year, according to data reported June 3 by the Virginia Department of Workforce Development and Advancement.
Year-over-year apartment rents were down across Fairfax County in May, mirroring a national trend.
All seven areas of the county analyzed by Apartment List in its monthly report showed declines from May 2025, even as the rental market experienced its typical seasonal growth from winter to spring.
Plans to grow Northern Virginia’s economy are showing progress, but rising housing costs and infrastructure demands could threaten the region’s long-term competitiveness, a new report says.
Released earlier this week by the Northern Virginia Chamber of Commerce (NVC), the 2026 NOVA Roadmap Progress Report assessed the region’s economic strengths and challenges.
As the summer travel season arrives, Dulles International Airport and Reagan National Airport both face “some big challenges as well as big opportunities,” according to Metropolitan Washington Airports Authority President and CEO Jack Potter.
The greatest challenge at the moment is the ongoing conflict in the Middle East, which has depressed traveler counts to that part of the world, Potter told MWAA’s board of directors at a May 20 meeting.
The number of Fairfax County residents counted as unemployed rose 17% year-over-year in March, and was up 52% from two years before, according to new state data.
A total of 22,680 county residents were included in the ranks of unemployed for the month, according to figures reported May 19 by the Virginia Department of Workforce Development and Advancement.
Fairfax County officials now have a lengthy to-do list in their efforts to increase the community’s housing stock.
The goal is to “ensure we keep the pedal down on this priority,” Ben Aiken, a county staffer who serves as project manager for the Housing Task Force, told the Board of Supervisors at a Land Use Policy Committee meeting on Tuesday (May 12).
Fairfax County’s average home sales price tiptoed toward $1 million in April, as the spring buying market was dominated by upper-end properties.
“There is significant pent-up demand in the marketplace, but higher-income buyers are the ones primarily driving activity while budget-conscious buyers remain more sensitive to rate volatility and economic uncertainty,” said Lisa Sturtevant, chief economist for Bright MLS, the region’s multiple listing service.
The number of Fairfax County residents counted as unemployed has risen 22% year-over-year and 62.5% since the beginning of the second Trump administration, according to new data.
A total of 23,518 residents were recorded as seeking jobs in February, according to data reported last week by the Virginia Department of Workforce Development and Advancement.
