Commercial Real Estate Market in Annandale, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
88 active listings and 910 off-market properties in Annandale, VA. Commercial property asks $688/SF to buy and $28.60/SF/Yr to lease.
Market Trends
Annandale, VA spans 12.6 square miles in Fairfax County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Annandale, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Annandale, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Annandale, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Annandale, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Annandale, VA has 59,372 residents in 19,497 households. Density runs 4,699 people per square mile. Median household income here is $134,109 and median gross rent $1,988 a month.
59,372
Population
19,497
Households
3
Avg Household Size
39
Median Age
51%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
4,699
Density / Sq Mi
$134,109
Median Household Income
$54,906
Median Earnings
$1,988
Median Rent
$694,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Springfield | — | — |
| Springfield | — | — |
| Falls Church | — | $29.38 |
| Merrifield | — | — |
Commercial property in Annandale, VA asks $688/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Annandale?
Commercial property in Annandale, VA asks an average of $688 per square foot. The 5 most recent recorded sales traded at a median of $224/SF, so asking sits 207% above the achieved median.
How much does it cost to lease commercial space in Annandale?
Asking lease rates in Annandale, VA average $28.60 per square foot per year.
Where does Realmo's Annandale market data come from?
Realmo compiles Annandale, VA figures from 6 recent recorded sales, 49 active sale listings, 39 active lease listings, 910 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 49 active for-sale and 39 active for-lease listings in Annandale, VA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
