Office Suites & Coworking Space in Alexandria The city's inventory is expected to increase with the delivery of development projects for build-to-suit offices in Potomac Yard, where a 70-acre site is being redeveloped into mixed-use space. In total, there are more than 7.5 million square feet of space in the city, with vacancy rates between 10 and 15 percent and direct asking rates averaging $40 / sq ft / year, although they are lower in downtown Alexandria (2017 data). The West End is the fastest-growing commercial area and is quickly growing in popularity as an office location thanks to the approval of several development projects. The downtown area is more popular with small businesses, whereas Carlyle and Eisenhower Valley form a large sub-market characterized by having relatively new office units to suit large space requirements. The local tenant profile typically consists of medium to large-sized organizations in the non-profit or public sector, but there are also numerous professional associations and professional bodies headquartered here. Old Town and the Waterfront are centrally located areas in downtown Alexandria, and other key sub-markets include West End, Potomac Yard, Arlandia, Carlyle District, Del Ray, and Eisenhower Valley. Finding Office Space in Alexandria VAĪlexandria's office space is split across seven main areas. With a fantastic selection of facilities and support services available, and the option of flexible rental agreements or conventional leasing, you will be assured of an easy move to your new business premises in Alexandria, VA. 's goal is to provide your business with professional executive office suites, and shared and coworking space in Alexandria, Virginia, suitable for your individual business needs. With a knowledge-based community and high quality of life, the city is often recognized as one of the best places to do business and live on the East Coast. Alexandria is also home to several non-profit organizations and trade associations. Due to its strategic location, many companies operate headquarters in the city. Many of the city's residents are professionals employed by the federal government, the US military, or companies that work with the government. Located on the western bank of the Potomac River in Northern Virginia, Alexandria is just six miles from downtown Washington, DC. We have an extensive range of office buildings, commercial properties, and business centers with currently available office space for rent and office space for lease in the heart of Alexandria Old Town, Southwest Quadrant, the Waterfront, Eisenhower East, and other prominent Alexandria commercial real estate locations. Quality mix of government, medical, and executive office suite tenants.Private & Shared Office Space Alexandria VA Strong and stable history of occupancy and performance The average rents for Class A space is currently $22.42 per square foot.Ĭollege Park Executive Center represents a unique opportunity to acquire a stable investment in an excellent location with great upside potential.Ĭonvenient location 1/2 mile from Indian River Road exit of I-64 New developments include Summit Pointe in Chesapeake, which will deliver 150,000 square feet of Class A space in October 2020. The Norfolk office market continues to remain strong with an 11% overall vacancy rate. The average full service market rent for South Norfolk is $17.29 per square foot. This submarket consists of 534,807 square feet of office space and has a vacancy rate of 5%. Four of these tenants have occupied space in the building for the last decade.Ĭollege Park Executive Center is located in the South Norfolk submarket. The property is located in the College Park area which provides convenient access to interstates, shopping, banking, and medical facilities. The building was constructed in 1975 and is 100% leased to five tenants. This Class B two story, office building contains 20,180 rental square feet. Colliers International has been retained as the exclusive representative for the sale of College Park Executive Center in Virginia Beach, Virginia.
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