Commercial Real Estate Market in Herndon, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
132 active listings and 1,438 off-market properties in Herndon, VA. Commercial property asks $262/SF to buy and $22.96/SF/Yr to lease.
Market Trends
Herndon, VA spans 35.6 square miles in Fairfax County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Herndon, 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 Herndon, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Herndon, 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 Herndon, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.5%
- Planned_development 24.1%
- Industrial 12.2%
- Commercial 5.5%
- Civic 1.8%
Largest Zones share of zoned land by district
Single Family Residential 10
Planned Development Residential
Office And Light Industrial
Residential Townhouse Cluster
Single Family Residential 15
Herndon, VA zones 2,333 acres across 15 districts. Commercial zoning covers 5.5% of zoned land, residential 56.5% and industrial 12.2%. The largest single district is Single Family Residential 10 at 40.4%. For commercial buyers the practical constraint is that only 17.7% of land carries a commercial or industrial designation.
Single Family Residential 10 (R-10)
This is a zoning district in which the principal use of land is single-family detached residential. The regulations of this district are meant to encourage uses that would substantially complement the development of single-family detached dwellings and that would contribute to the quiet residential nature of the district. The intent of the district is to per…
Market overview
Demographics & Economy
Herndon, VA has 158,591 residents in 64,013 households. Density runs 4,454 people per square mile. Median household income here is $154,014 and median gross rent $2,204 a month.
158,591
Population
64,013
Households
2.5
Avg Household Size
37
Median Age
68%
College-Educated
94%
High-School Grad
35.6 sq mi
ZIP Area
4,454
Density / Sq Mi
$154,014
Median Household Income
$76,969
Median Earnings
$2,204
Median Rent
$677,403
Median Home Value
Tools
Lease vs Buy Breakeven
At $22.96/SF/Yr lease vs $262/SF buy → buying wins if held > 1.8 years.
At a 8.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Hill | — | — |
| Reston | — | $40.10 |
| Dulles | — | — |
| Chantilly | — | $23.94 |
Commercial property in Herndon, VA asks $262/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Herndon?
Commercial property in Herndon, VA asks an average of $262 per square foot. The 8 most recent recorded sales traded at a median of $402/SF.
How much does it cost to lease commercial space in Herndon?
Asking lease rates in Herndon, VA average $22.96 per square foot per year.
Is it cheaper to lease or buy commercial space in Herndon?
Buying beats leasing in Herndon, VA if the property is held longer than 1.8 years, comparing $22.96/SF/Yr asking rent with $262/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Herndon?
Herndon, VA zones 2,333 acres across 15 districts, of which 5.5% is commercial and 12.2% industrial. The largest single district is Single Family Residential 10 at 40.4% of zoned land. This is a zoning district in which the principal use of land is single-family detached residential. The regulations of this district are meant to encourage uses that would substantially complement the development of single-family detached dwellings and that would contribute to the quiet residential nature of the district. The intent of the district is to per… Residential zoning covers 56.5% and open space 0%.
Where does Realmo's Herndon market data come from?
Realmo compiles Herndon, VA figures from 8 recent recorded sales, 51 active sale listings, 81 active lease listings, 1,438 tracked off-market properties, the current Herndon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 51 active for-sale and 81 active for-lease listings in Herndon, 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.
- Zoning and land use
- The current municipal zoning release: 2,333 zoned acres across 15 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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 and industrial vacancy is reported at South region level.
- 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
