Tysons Corner

Tysons Corner, or simply Tysons, is a census-designated place (CDP) and unincorporated community in Fairfax County, Virginia, United States. Located in Northern Virginia between the community of McLean and the town of Vienna along the Capital Beltway (I-495), it lies within the Washington Metropolitan Area. Tysons Corner is home to two super-regional shopping malls—Tysons Corner Center and Tysons Galleria—and the corporate headquarters of numerous companies such as Intelsat, Gannett (publisher of USA Today), Hilton Worldwide, Freddie Mac, Capital One and Booz Allen Hamilton. Tysons is Fairfax County’s central business district and a regional commercial center. It has been characterized as a quintessential example of an edge city.

Tysons Corner is Fairfax County’s central business district with the largest concentration of office space in Northern Virginia. Tysons had 46 million sq ft of office and retail space as of 2008, making it the classic example of an edge city. As of 2013, Tysons Corner had 14 million sq ft of office and retail space approved or under construction, approximately one-third of a 45 million sq ft backlog of projected urban development in close proximity to the area’s four Metro Silver Line stations.

Tysons Corner is the 12th largest employment center in the United States. As of 2012, 75.6% of the population over the age of 16 was in the labor force. 0.6% was in the armed forces, and 75.0% was in the civilian labor force with 70.4% employed and 4.5% unemployed. The occupational composition of the employed civilian labor force was: 66.4% in management, business, science, and arts; 20.3% in sales and office occupations; 10.5% in service occupations; 2.1% in natural resources, construction, and maintenance; 0.7% in production, transportation, and material moving.

The cost of living in Tysons Corner is very high; compared to a U.S. average of 100, the cost of living index for the community is 140.4. As of 2012, the median home value in the community was $464,000, the median selected monthly owner cost was $2,649 for housing units with a mortgage and $906 for those without, and the median gross rent was $1,734.

source: wikipedia.org

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