Commercial Real Estate Market in Great Falls, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 399 off-market properties in Great Falls, VA. Commercial property asks $1,216/SF to buy and $55.56/SF/Yr to lease.
Market Trends
Great Falls, VA spans 25.6 square miles in Fairfax County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Great Falls, 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 Great Falls, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Great Falls, 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 Great Falls, 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
Great Falls, VA has 18,165 residents in 5,852 households. Density runs 710 people per square mile. Median household income here is $250,001 and median gross rent $3,501 a month.
18,165
Population
5,852
Households
3.1
Avg Household Size
45
Median Age
85%
College-Educated
99%
High-School Grad
25.6 sq mi
ZIP Area
710
Density / Sq Mi
$250,001
Median Household Income
$123,162
Median Earnings
$3,501
Median Rent
$1,240,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Greenway | — | — |
| Potomac | — | — |
| Reston | — | $40.10 |
| Tysons | — | — |
Commercial property in Great Falls, VA asks $1,216/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Great Falls?
Commercial property in Great Falls, VA asks an average of $1,216 per square foot. The 8 most recent recorded sales traded at a median of $394/SF, so asking sits 208% above the achieved median.
How much does it cost to lease commercial space in Great Falls?
Asking lease rates in Great Falls, VA average $55.56 per square foot per year.
Where does Realmo's Great Falls market data come from?
Realmo compiles Great Falls, VA figures from 8 recent recorded sales, 49 active sale listings, 21 active lease listings, 399 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 21 active for-lease listings in Great Falls, 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
