At a time when cities from D.C. to San Francisco are grappling with historically high vacancy rates, Fairfax City is feeling pretty good about the rising demand for its commercial space.
General commercial vacancy rates have dropped from 6.6% at the beginning of 2023 to 6% in the third quarter, Fairfax City Economic Development (FCED) — a partnership between the city’s economic development office and the Fairfax City Economic Development Authority (EDA) — reported last week.
The Capital Beltway’s proximity to 2000 Corporate Ridge is both a boon and a potential obstacle to plans to convert the office building into a live/work development.
The accessibility of Tysons Corner Center and other attractions will make the property enticing to residents and workers, who can now cross I-495 with a pedestrian bridge, McGuireWoods land use lawyer Greg Riegle argued on developer Madison Highland’s behalf at a Fairfax County Planning Commission public hearing on Sept. 14.
A technology company has officially opened 10,000-square-foot offices in Herndon.
Eqlipse Technologies, a company that provides products and engineering services to the Department of Defense and the intelligence community, is set to celebrate its grand opening tomorrow (Thursday) at 2350 Corporate Park Drive.
Tysons is increasingly becoming a place where people live, but a recent market study from the Tysons Community Alliance raised some questions about its future as a place where people work.
Released on Aug. 4, the study paints divergent pictures of the two commercial sectors that have defined Tysons since the 1960s — office and retail — as they navigate a post-pandemic world of remote work and online shopping.
(Updated at 9:05 a.m. on 7/26/2023) Fairfax County is currently the second largest suburban office market in the nation, with an inventory of 120 million square feet.
However, the current office vacancy rate sits at 16.7% — topping the county’s previous 10-year high, according to Stephen Tarditi, director of market intelligence at the Fairfax County Economic Development Authority.
Like many organizations, The Arc of Northern Virginia is rethinking its approach to office work in the wake of the COVID-19 pandemic.
The local chapter of the national nonprofit, which provides services and advocacy for people with intellectual and developmental disabilities, will move its headquarters to the recently opened Venture X coworking space at 3060 Williams Drive in Merrifield.
A plan to reinvigorate a 15-acre site in Springfield that was the pinnacle of the local market four decades ago has been derailed.
At a July 11 meeting, the Fairfax County Planning Commission rejected a proposal seeking a special exception to redevelop Versar Center — a site with two office buildings that sits on a floodplain between the Virginia Railway Express and the I-95/I-495 interchange.
While new buildings continue to transform the Tysons skyline further east, the Spring Hill Metro station area has yet to see the same frenzy of development.
Developer American Real Estate Partners hopes to change that with City House, pitching the high-rise apartments to the Fairfax County Planning Commission last week as a way to revitalize its Highline at Greensboro District office complex at 8401 Greensboro Drive.
Inova Health System’s former administrative headquarters in Merrifield will soon be transformed into a combination of workforce housing and live/work units — a kind of development that’s still relatively novel for Fairfax County.
The Fairfax County Board of Supervisors voted 8-0 to approve the project from developer Madison Highland after a public hearing on June 27. Mason District Supervisor Penny Gross and Braddock District Supervisor James Walkinshaw recused themselves because they respectively serve on Inova’s board of trustees and quality and reliability committee.
The proposed repurposing of Inova Health System’s former corporate headquarters in Merrifield as live/work and workforce housing units got a hearty recommendation from the Fairfax County Planning Commission earlier this week.
The commission recommended on Wednesday (June 7) that the Fairfax County Board of Supervisors approve the plan from Madison Highland, a developer focused on live/work projects that’s pursuing similar conversions at the Skyline Center in Bailey’s Crossroads.
