ACC311_Corporate Income Taxation in the Philippines
Fairfax County Area Profile: Merrifield
1. Photo: Inova Center for Personalized Health
FAIRFAX COUNTY AREA PROFILE
MERRIFIELD
Fortune 500 firms General Dynamics and Northrop Grumman are
among those headquartered in Merrifield, one of Fairfax County’s
largest business districts (in terms of office space).
A bustling medical cluster surrounds nationally acclaimed Inova
Fairfax Hospital (the largest hospital in northern Virginia) and the
Inova Health System campus, which includes the research-and-care-
focused Inova Center for Personalized Health.
This area is also home to large, established employers including
CustomInk, Dewberry, ICF International and HITT Contracting.
The Mosaic District, a 39-acre mixed-use development, offers a true
work-play environment with shopping, dining and entertainment
amenities that afford residents and visitors an upscale urban
atmosphere.
Featuring exceptional highway and Metrorail access, Merrifield is near
the Capital Beltway, Route 495 Express lanes, routes 50 and 29, and
is served by the Dunn-Loring Metro Station.
2. MERRIFIELD
* Average of the median incomes for the combined ZIP Codes within the market
Sources: Fairfax County Department of Housing and Community Services, Housing and Population
Estimates 2016, American Community Survey (ACS) 2015 Five-Year Estimates
POPULATION PROFILE
ECONOMIC BASE
Industry Jobs Share
Health Care and Social Assistance 12,653 25.1%
Professional, Scientific, and Technical Services 9,407 18.7%
Education Services 7,208 14.3%
Retail Trade 4,040 8.0%
Administrative and Support Services 3,735 7.4%
Accommodation and Food Services 3,410 6.8%
Construction 2,742 5.4%
Management of Companies and Enterprises 2,074 4.1%
Information 850 1.7%
Other 4,312 8.6%
Total 50,431 100.0%
Sources: Virginia Employment Commission, Second Quarter 2016 and Fairfax County Public Schools
THE MERRIFIELD SUBMARKET
HAS THE SECOND HIGHEST
PERCENTAGE OF LARGE
FIRMS (100+ EMPLOYEES)
IN FAIRFAX COUNTY.
Northrop Grumman chairman Wes Bush at the defense contractor’s headquarters in Falls Church. Photo by Jeffrey MacMillan, Capital Business, The Washington Post
EMPLOYEE BASE
Workers’ Age Jobs Percent
Age 29 or younger 9,994 19.4%
Age 30 to 54 30,657 59.4%
Age 55 or older 10,954 21.2%
Source: U.S. Census Bureau, Local Employment Dynamics 2014
n 1-9 Employees 1,593 firms 68.7%
n 10-49 Employees 536 firms 23.1%
n 50-99 Employees 93 firms 4.0%
n 100-249 Employees 66 firms 2.8%
n 250+ Employees 32 firms 1.4%
NUMBER OF FIRMS BY SIZE
Source: U.S. Census, Bureau County Business Patterns 2015
% WITH BACHELOR’S
DEGREE OR HIGHERRESIDENTS
64,111
HOUSEHOLDS
23,39754.9%
MEDIAN HOUSEHOLD
INCOME*
$101,834
<30 30–54 55+
3. Photo: Inova Childrens Hospital staff
MERRIFIELD
SELECTED EMPLOYERS
American Red Cross
BITS ● ●
COmputing TechnologieS ● ●
CroppMetcalf ●
CSRA ●
Cultural Mission of the
Royal Embassy of Saudi Arabia
CustomInk ●
Defense Health Headquarters
Dewberry ●
ECS Federal ●
ENSCO ●
Fairfax County Public Schools
Fairfax Radiological Consultants ●
General Dynamics ●●
Genetics and IVF Institute ●
Great Wall Supermarket
H Mart
HITT Contracting ●
Home Depot
Hyatt
ICF International ●
Inova Health System ●
CHAMBER OF COMMERCE
Greater Merrifield Chamber of Commerce
Kastle Systems
Kingfisher Systems ● ●
Lewin Group ●
LS Technologies ● ●
Marriott
Merrifield Garden Center
Northrop Grumman ●●
Pulte Homes
Pyramid Systems ●
Safeway
Sevatec ● ●
SoBran ● ●
Target
Three Wire Systems ● ●
U.S. Immigration and
Customs Enforcement
U.S. Post Office
Virginia Cancer Specialists ●
DIVERSE INDUSTRY SECTORS CAN BE FOUND IN MERRIFIELD,
INCLUDING AEROSPACE AND DEFENSE, CONSTRUCTION AND
ENGINEERING, HEALTH AND IT.
KEY:
● Headquarters
● Fortune 500 Headquarters
● Minority, Woman- or Veteran-Owned
Photo: CustomInk, courtesy Mosaic District
4. 8300 Boone Boulevard, Suite 450, Tysons Corner, Virginia 22182 USA • 703-790-0600 • info@fceda.org • www.fairfaxcountyeda.org • @FairfaxEDA
COMMERCIAL REAL ESTATE INVENTORY
Square Footage Asking Lease Rates*
Total Low High
Merrifield
Office 10,587,856 $19.00 $43.50
Industrial/Flex 2,545,564 $11.50 $20.50
*Annual per square foot
Source: FCEDA Yearend 2016 Real Estate Report
Photo: Halstead Square at Mosaic, courtesy McBorrough.com
MERRIFIELD
50
Vienna
29
495
66
Dunn
Loring
Merrifield
Photo courtesy Modera Avenir Place
Merrifield is a Commercial Revitalization Area,
which entitles landowners and developers to the
use of expedited development review procedures.
www.fcrevit.org