Commercial Real Estate Market in Mc Lean, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
143 active listings and 877 off-market properties in Mc Lean, VA. Commercial property asks $267/SF to buy and $30.31/SF/Yr to lease.
Market Trends
Mc Lean, VA spans 25.4 square miles in Loudoun County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mc Lean, 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 Mc Lean, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Mc Lean, 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 Mc Lean, 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
Mc Lean, VA has 59,157 residents in 25,590 households. Density runs 2,328 people per square mile. Median household income here is $204,893 and median gross rent $2,968 a month.
59,157
Population
25,590
Households
2.3
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
25.4 sq mi
ZIP Area
2,328
Density / Sq Mi
$204,893
Median Household Income
$110,962
Median Earnings
$2,968
Median Rent
$1,151,910
Median Home Value
Tools
Lease vs Buy Breakeven
At $30.31/SF/Yr lease vs $267/SF buy → buying wins if held > 1.1 years.
At a 11.3% 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 |
|---|---|---|
| Tysons | — | — |
| Dunn Loring | — | — |
| Vienna | — | $24.38 |
| McLean | — | $30.31 |
Commercial property in Mc Lean, VA asks $267/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mc Lean?
Commercial property in Mc Lean, VA asks an average of $267 per square foot. The 4 most recent recorded sales traded at a median of $313/SF.
How much does it cost to lease commercial space in Mc Lean?
Asking lease rates in Mc Lean, VA average $30.31 per square foot per year.
Is it cheaper to lease or buy commercial space in Mc Lean?
Buying beats leasing in Mc Lean, VA if the property is held longer than 1.1 years, comparing $30.31/SF/Yr asking rent with $267/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.
Where does Realmo's Mc Lean market data come from?
Realmo compiles Mc Lean, VA figures from 5 recent recorded sales, 72 active sale listings, 71 active lease listings, 877 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 72 active for-sale and 71 active for-lease listings in Mc Lean, 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 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
