Herndon - Fairfax County Economic Development Authority

Fairfax County Area Profile
Town of Herndon
Two miles east of Washington Dulles International
Airport and straddling the Dulles Toll Road (Route 267),
the Town of Herndon is a dynamic office, retail and
hotel center that has preserved its small-town character.
The town blends the old and the new with a foundation that provides solid support for small, medium and
large businesses. In addition to having a wide range
of office space options, the town also is one of Fairfax
County’s largest industrial/flex-space markets.
Due to its proximity to Dulles Airport, the submarket has 10 hotels
with more than 1,560 rooms.
Major employers include Amazon Web Services, the Air Line Pilots
Association, Boeing, Exelis, Harris Corporation, MicroPact, Northwest
Federal Credit Union, Parsons Brinckerhoff and the federal government.
The Center for Innovative Technology promotes technological innovation by linking businesses to Virginia colleges and universities and also
houses the Mach37 cybersecurity business accelerator.
Residents and employees have access to the nearby Wiehle-Reston
East Metro station. In 2018, Metro’s Silver Line will be extended to
Herndon, the airport and beyond, providing additional access to this
area from the entire Washington, D.C., metro region. Town leaders
are planning mixed-use development around the Herndon rail station.
The Town of Herndon maintains a small-town charm with parks, a
town green, recreation center, library and other community assets.
Herndon’s historic downtown includes numerous restaurants and
shops and is a venue for fairs and festivals throughout the year.
Money magazine has named Herndon one of the “100 Best Places
to Live” in the United States.
FAST FACTS
 This town of 39,221 residents
also boasts nearly 6 million
square feet of office and more
than 2 million square feet of
industrial/flex space.
 This Dulles Corridor location is
easily accessible via a network
of major roadways, including
the Dulles Toll and Access Roads
(Route 267).
 Expected to open in 2018, the
Herndon station on Metro’s
Silver Line will provide access
to Washington, D.C., the airport
and beyond.
 The adjacent Washington Dulles
International Airport is a major
hub for air travel, with nonstop
flights serving 83 domestic and
53 international markets.
 Major employers include
Amazon Web Services, Boeing,
Exelis and Harris Corporation.
© 2015 Fairfax County Economic Development Authority
Fairfax County Area Profile
Town of Herndon
POPULATION PROFILE
<30
HOUSEHOLDS
EMPLOYEE BASE
13,812
MEDIAN
HOUSEHOLD
POPULATION INCOME*
39,221
$90,661
55+
30–54
% OF POPULATION
AGE 25 AND UP
WITH BACHELOR’S
DEGREE OR HIGHER
45%
* Average of the median incomes for the combined census designated places within the market
Workers’ Age
Jobs
Age 29 or younger 3,863
Age 30 to 54
11,184
Age 55 or older
3,115
Percent
21.3%
61.6%
17.2%
Source: U.S. Census Bureau, Local Employment Dynamics 2011
NUMBER OF FIRMS BY SIZE
Sources: Fairfax County Department of Housing and Community Services, Housing and Population
Estimates 2013, American Community Survey (ACS) 2012 Five-Year Estimates
NEARLY 30 PERCENT
OF FIRMS ARE
MID-SIZED, WITH
BETWEEN 10 AND
100 EMPLOYEES.
n 1-9 Employees
n 10-49 Employees
n 50-99 Employees
n 100-249 Employees
n 250+ Employees
864 firms 319 firms 40 firms
22 firms
7 firms
69.0%
25.5%
3.2%
1.8%
0.6%
Source: U.S. Census, Bureau County Business Patterns 2012
ECONOMIC BASE
Industry
Professional, Scientific, and Technical Services
Accommodation and Food Services
Wholesale Trade
Information
Educational Services
Health Care and Social Assistance
Finance and Insurance
Retail Trade
Administrative and Support and Waste Management
Other
Total
JobsShare
5,241 1,910 1,553 1,261 1,174 1,028 996 906 659 3,539 18,267 Sources: Virginia Employment Commission, Second Quarter 2013, and Fairfax County Public Schools
28.7%
10.5%
8.5%
6.9%
6.4%
5.6%
5.5%
5.0%
3.6%
19.4%
100.0%
© 2015 Fairfax County Economic Development Authority
Fairfax County Area Profile
Town of Herndon
SELECTED EMPLOYERS
Abraxas ●
Air Line Pilots Association
Amazon Web Services
Automated Based Systems ●
Boeing
Booz Allen Hamilton
British Standards Institution
CGI
Cisco Systems
Clear Wireless
Continental Building Supplies ●
CRGT Guidant
Cyberdata Technologies ● ●
Digicon ●
DRS Technical Services
Engineering Management & Integration ● ●
Exelis
Fairfax County Public Schools
Fannie Mae
Freddie Mac
GLOBAL Integrated Security ●
Harris Corporation
International Solutions Group ●
Kmart
Kohl’s
Logical Paradigm ● ●
Marriott
Metropolitan Healthcare Services ●
MicroPact ●
Navy Federal Credit Union
Northwest Federal Credit Union ●
Nve ● ●
ORI ● ●
Paladion
Parsons Brinckerhoff
Raytheon Trusted Computer Solutions
Search Technologies ● ●
Smithsonian Institution
Software Catalysts ● ●
Time Warner Entertainment
Town of Herndon
U.S. General Services Administration
Verint
ViON ● ●
U.S. Customs and Border Protection
Zenetex ●
KEY:
● Headquarters
● Minority, Woman- or Veteran-Owned
CHAMBERS OF COMMERCE
AND BUSINESS GROUPS
Dulles Regional Chamber of Commerce
Northern Virginia Technology Council
Town of Herndon Economic Development
THIRTY-EIGHT ACRES OF
LAND ADJACENT TO THE
FUTURE METRORAIL STOP
IN HERNDON WILL BE
DEVELOPED WITH A MIX
OF RETAIL, HOTEL, OFFICE
AND RESIDENTIAL USES.
Photo by AirPhotosLive.com
FPO
Printed with EcoSmart inks.
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Source: FCEDA Midyear 2014 Real Estate Report
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*Annual per square foot
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Square Footage
Asking Lease Rates*
LowHigh
5,738,766
1,154,782
Hill
Wiehle-Reston
East
COMMERCIAL REAL ESTATE INVENTORY
Herndon
Office
Industrial/Flex
Reston Town
Center
(Future)
Herndon
(Future)
.
Rd
an
P
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y
Washington
Dulles
International
Airport
Reston
ay
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y
Dulles Airport
(Future)
enu
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mero
$14.50
$8.50
$35.00
$25.00
The FCEDA’s semi-annual Real Estate Report examines
corporate leasing and lease rates, construction activity,
vacancy rates and development trends in the county
and its 17 commercial submarkets. Download the report
from www.fairfaxcountyeda.org/real-estate-report.
For additional information, including available buildings
and sites, call 703-790-0600.
Area profile reports, with business and demographic information, are available for nine Fairfax County markets
at www.fairfaxcountyeda.org/area-profiles.
Information on executive offices suites in Fairfax County
can be found at www.fairfaxcountyeda.org/sites/default/files/pdf/executive_office_suites.pdf.
8300 Boone Boulevard, Suite 450, Tysons Corner, Virginia 22182 USA • Telephone 703-790-0600 • www.fairfaxcountyeda.org