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==Economy== [[File:Capital One World Headquarters.jpg|thumb|[[Capital One Tower (Virginia)|Capital One Tower]] in Tysons, the tallest office building in the [[Washington metropolitan area]]]] [[File:Tyson's Corner from cruising altitude.jpg|thumb|The Tysons II development area, home to [[Tysons Galleria]]]] Tysons is [[Fairfax County, Virginia|Fairfax County]]'s [[central business district]] with the largest concentration of office space in [[Northern Virginia]].<ref name=FCEDA>"[https://web.archive.org/web/20070315182704/http://www.fairfaxcountyeda.org/publications/tysons.pdf Area Business Report]." ''Fairfax County Economic Development Authority''. Retrieved on May 12, 2009.</ref> It had 46 million sq ft (4.3 million m<sup>2</sup>) of [[commercial district|office and retail space]] as of 2008, making it a classic example of an [[edge city]].<ref name="Rosslyn, Ballston">{{cite web|url=http://www.wtop.com/?nid=25&pid=0&sid=1484972&page=2|title=WTOP: Washington, DC's Top News, Traffic, and Weather|access-date=13 April 2017}}</ref> As of 2013, Tysons had 14 million sq ft (1.3 million m<sup>2</sup>) 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 [[Silver Line (Washington Metro)|Metro Silver Line]] stations.<ref>{{cite news|url=https://www.washingtonpost.com/business/capitalbusiness/despite-silver-line-delays-developers-plot-45-million-square-feet-of-development-in-tysons/2013/12/12/56b6dc16-6272-11e3-a373-0f9f2d1c2b61_story.html|title=Despite Silver Line delays, developers plot 45 million square feet of development in Tysons|author=Jonathan O'Connell|newspaper=[[The Washington Post]]}}</ref> The corporate headquarters of [[Alarm.com]],<ref>{{Cite web|title=Alarm.com|url=https://www.alarm.com/contact|access-date=2021-03-29|website=www.alarm.com|language=en}}</ref> [[Appian Corporation]],<ref>{{Cite web|title=Appian to move HQ to Tysons, add 600 jobs|url=https://www.bizjournals.com/washington/news/2018/04/17/appian-to-move-hq-to-a-well-known-building-in.html|access-date=2021-10-22|website=www.bizjournals.com}}</ref> [[Booz Allen Hamilton]], [[Capital One]], [[Cvent]], [[Freddie Mac]], [[Hilton Worldwide]], [[Logistics Management Institute]], [[M.C. Dean, Inc.]], [[MicroStrategy]], [[MITRE Corporation]], [[Science Applications International Corporation|SAIC]], [[Space Adventures]], [[Spacenet]], and [[Sunrise Senior Living]] are in Tysons, though most use a [[McLean, Virginia|McLean]] or [[Vienna, Virginia|Vienna]] address.<ref name="TysonsMap">"[http://factfinder.census.gov/servlet/MapItDrawServlet?geo_id=16000US5179952&_bucket_id=50&tree_id=420&context=saff&_lang=en&_sse=on Tysons Corner CDP, Virginia] {{Webarchive|url=https://web.archive.org/web/20111110181002/http://factfinder.census.gov/servlet/MapItDrawServlet?geo_id=16000US5179952&_bucket_id=50&tree_id=420&context=saff&_lang=en&_sse=on |date=2011-11-10 }}." ''[[United States Census Bureau]]''. Retrieved on May 7, 2009.</ref><ref>"[http://www.spacenet.com/contact/ Contact Us] {{Webarchive|url=https://web.archive.org/web/20090527003818/http://www.spacenet.com/contact/ |date=2009-05-27 }}." ''[[Spacenet]]''. Retrieved on May 12, 2009.</ref><ref>"[http://www.hiltonworldwide.com/contactus/index.htm Contact Us]." [[Hilton Worldwide]]. Retrieved on October 14, 2009.</ref> The [[Fairfax County Economic Development Authority]] is also headquartered in the CDP.<!--The Vienna, VA address shows that it's actually in the Tysons CDP--><ref name=FCEDA/> Until 1996, [[AOL]] was headquartered in the Tysons CDP,<ref name="TysonsMap"/><ref>"[http://www.encyclopedia.com/doc/1P2-832840.html AMERICA ONLINE INC.]" ''[[The Washington Post]]''. April 17, 2005. Retrieved on May 7, 2009.</ref> near Vienna.<ref>Sugawara, Sandra. "[https://web.archive.org/web/20111018122406/http://pqasb.pqarchiver.com/washingtonpost/access/72288466.xml?dids=72288466:72288466&FMT=ABS&FMTS=ABS:FT&type=current&date=Oct+13%2C+1994&author=Sandra+Sugawara&pub=The+Washington+Post+(pre-1997+Fulltext)&desc=America+Online+to+Reduce+Rates%3B+Firm+Faces+Subscriber+Boycott%2C+Pressure+From+Competitors&pqatl=google America Online to Reduce Rates; Firm Faces Subscriber Boycott, Pressure From Competitors]." ''[[The Washington Post]]''. October 13, 1994. Financial B09. Retrieved on May 7, 2009.</ref> [[Qatar Airways]] operated its North American headquarters office in Tysons,<ref name="TysonsMap"/><ref>"[https://web.archive.org/web/20071121014051/http://www.qatarairways.com/global/en/offices/contactus_unitedstates_washington.html Washington]." ''[[Qatar Airways]]''. November 21, 2007. Retrieved on May 7, 2009.</ref> but later moved to [[Washington, D.C.]]<ref>"[http://www.qatarairways.com/global/en/offices/contactus_unitedstates_washington.html Washington]." ''[[Qatar Airways]]''. Retrieved on May 7, 2009.</ref> Other firms with offices in Tysons include [[Adobe Systems]],<ref>"[http://www.adobe.com/about-adobe/contact/offices.html Adobe Systems, McLean, VA]." ''[[Adobe Systems]]''. Retrieved on Jun 5, 2017.</ref> [[BAE Systems Inc.]],<ref>"[http://www.baesystems.com/WorldwideLocations/UnitedStates/Locations/McLeanVirginia/autoGen_106102215251.html CS Information Technology, McLean, VA]." ''[[BAE Systems]]''. Retrieved on May 12, 2009.</ref> [[Compuware]],<ref>"[http://www.compuware.com/contact/offices.asp Compuware Around the World] {{Webarchive|url=https://web.archive.org/web/20100104103851/http://www.compuware.com/contact/offices.asp |date=2010-01-04 }}." [[Compuware]]. Retrieved on January 7, 2010.</ref> [[Deloitte]], [[Ernst & Young]],<ref>"[https://www.ey.com/en_us/locations/united-states#virginia-tysons Our Locations]." ''[[Ernst & Young]]''. Retrieved on November 24, 2024.</ref> [[KPMG]], [[Northrop Grumman]],<ref>"[http://www.northropgrumman.com/locations/index.html Company Locations] {{Webarchive|url=https://web.archive.org/web/20130120114952/http://www.northropgrumman.com/locations/index.html |date=2013-01-20 }}." ''[[Northrop Grumman]]''. Retrieved on May 12, 2009.</ref> [[Palantir Technologies]], and [[Vie de France]].<ref>"[http://viedefrance.com/bc/contact.php?view=contact Contact Vie de France] {{Webarchive|url=https://web.archive.org/web/20120811082837/http://viedefrance.com/bc/contact.php?view=contact |date=2012-08-11 }}." ''[[Vie de France]]''. Retrieved on May 12, 2009.</ref> The area is home to [[Tysons Corner Center]], the [[List of largest shopping malls in the United States|largest shopping mall]] in the state and in the [[Baltimore-Washington Metropolitan Area|Baltimore-Washington area]] β and two upscale shopping centers, [[Tysons Galleria]] (also one of the largest malls in the region) and [[Fairfax Square]], which neighbor it to the north and south respectively. The average [[household income]] within a 5-mile (8 km) radius of Tysons Corner Center is $174,809.<ref>{{cite web|url=http://www.macerich.com/FileManager%5CProperty%5CLongTermLeasing%5CTysonsCornerCenter%5CMarketProfile%5CTysons%202013%20Profile-LR.pdf|title=Macerich Tysons Corner Center Market Profile|url-status=dead|archive-url=https://web.archive.org/web/20130903200949/http://macerich.com/FileManager/Property/LongTermLeasing/TysonsCornerCenter/MarketProfile/Tysons%202013%20Profile-LR.pdf|archive-date=2013-09-03}}</ref> Every weekday, Tysons draws 55,000 shoppers from around the region.<ref>{{cite web|url=http://www.virginiabusiness.com/magazine/yr2003/jul03/fairfax.shtml|title=Virginia Business Online: Virginia's 800-pound gorilla|access-date=13 April 2017|url-status=dead|archive-url=https://web.archive.org/web/20070928081301/http://www.virginiabusiness.com/magazine/yr2003/jul03/fairfax.shtml|archive-date=28 September 2007}}</ref> Tysons includes a technology industry base and network infrastructure. In 2007, roughly 1,200 technology companies operated in Tysons. 31.6% of the jobs in the Tysons submarket and 20.2% of the companies in the submarket were in the technology sector.<ref name=FCEDA/> With 115,000 office and retail workers, Tysons is the nation's 12th-largest employment center.<ref>{{cite news|url=https://www.nytimes.com/2008/12/17/business/17tysons.html|title=A Virginia Shopping Nexus Plots Its Future|first=Eugene L.|last=Meyer|newspaper=The New York Times|date=16 December 2008|access-date=13 April 2017}}</ref> As of 2012, 75.6% of the population over age 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 three industries employing the largest percentages of the working civilian labor force were professional, scientific, and management, and administrative and waste management services (28.8%); educational services, health care, and social assistance (13.3%); and public administration (12.8%).<ref name=Census2010/> The cost of living in Tysons is very high; compared to a U.S. average of 100, the cost of living index for the community is 140.4.<ref name=CityData>{{cite web | title = Tysons Corner, Virginia | publisher = City-Data.com | url = http://www.city-data.com/city/Tysons-Corner-Virginia.html | access-date = 2013-12-05}}</ref> As of 2022, the median home value in the community was $620,800, the median selected monthly owner cost was $3,118 for housing units with a mortgage and $1,297 for those without, and the median gross rent was $2,426.<ref name=":0"/>
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