Once called “The Silicon Valley of the East” by The Atlantic magazine, the Dulles Corridor real estate market consists of portions of Fairfax County and Loudoun County–two of the nation’s wealthiest and highest educated counties–and the Town of Herndon. The Dulles Corridor houses businesses from over several hundred industries, with a particular concentration of IT, defense, telecommunications, hospitality, finance, and professional and personal service companies.
The Dulles Region services 45 percent of the office space market for Fairfax and Loudoun counties combined; this is about 800 buildings with a combined RBA of 57 million square feet. On the retail side, the Dulles Region has 19 million square feet of space, more than 400 acres of land readily available, heavily subscribed, with only a 4 percent vacancy and a 30 percent share of the two counties’ retail. On the industrial side, the area offers 44 million square feet of industrial properties and almost 350 acres of necessary support services, which amounts to a 25 percent share of Loudoun and Fairfax. Of the total rentable building area (RBA) for the Dulles Region, commercial office space leads with over 1,300 acres and a 19 percent vacancy rate.
The Dulles area is served by a very active chamber, the Dulles Regional Chamber of Commerce, which regularly weighs in on issues including economic development, healthcare reform, taxation, immigration, education, fiscal reform, tourism, energy policies and more. The Chamber has also played a pivotal role in establishing the Dulles Corridor Metrorail Project; granting college certification for veteran experience and high school AP credentials; adopting a revised high school curriculum to meet the needs of today’s workforce; and establishing GO Virginia, an innovative program encouraging collaboration among jurisdictions for expanding economic development.
In addition to the Chamber of Commerce, the business community receives support from several other active organizations including the Dulles Area Transportation Association, the Dulles Corridor Rail Association, and the Committee for Dulles, which work to create a welcoming and conducive environment for business.
To help you find the right commercial real estate space for your company to lease or purchase, there is no better choice than the market leader, Tartan Properties Commercial. With over 30 years of experience in the Dulles Corridor Commercial Real Estate market, our expertise in the market and deep contacts in local businesses and the community will ensure that you find the right property to suit your needs and get the best deal.
