Fairfax City Real Estate Market Data
Old Town Fairfax has undergone an extensive redevelopment, which began in 2005. The redevelopment added a new City of Fairfax Regional Library, more than 45,000 square feet of retail and restaurant space, more than 70,000 square feet (6,500 m2) of office condominiums, and 85 upscale residential condominium units.
In May, 2009, the City of Fairfax was rated as No. 3 in the "Top 25 Places to Live Well" by Forbes Magazine. Forbes commended Fairfax for its strong public school system, high median salary, and a rate of sole proprietors per capita that ranks it in the top 1 percent nationwide. According to the magazine, "These factors are increasingly important in a recession. When businesses and jobs retract, as they have nationwide, municipalities with strong environments for start-ups, and those that offer attractive amenities, are better suited to recover from economic downtimes, as there are more business activity filling the void." - information provided by wikipedia.org