News Archive
Manassas Market Report – 2nd Quarter of 2024
July 11, 2024
Q2 2024 CITY OF MANASSAS MARKET REPORT The City of Manassas commercial real estate market continues to show strong demand and low vacancy into the 2nd quarter of 2024. Average market rent has hit an all-time high of $21.39/sf, while vacancy dropped to an all-time low of 1.9%. Additionally, months on market (9.7), months to […]
Manassas Market Report – 1st Quarter of 2024
April 11, 2024
Q1 2024 CITY OF MANASSAS MARKET REPORT So far 2024 looks to be shaping up like years past with strong demand and low vacancy rates across all commercial real estate sectors in City of Manassas. The commercial sector has maintained its historically low 2% vacancy and all-time high rent price of $21.29 (7 cents higher […]
Downtown Manassas 2023 Year-End Report
January 19, 2024
HISTORIC DOWNTOWN MANASSAS Real Estate 2023 Year in Review Historic Downtown is the cultural and commercial center for the Greater Manassas Region and business locations are perpetually in high demand. This past year we celebrated several new business openings, one relocation, and sadly said goodbye to a couple others. While we may regret when […]
Manassas Market Report — 4th Quarter of 2023
January 5, 2024
Q4 2023 CITY OF MANASSAS MARKET REPORT Commercial and industrial vacancy rates remain historically low at 2% Citywide. This far outperforms the regional average and demand from businesses for new or larger spaces is hard to fill. This continues to drive increased rents and building values. Average commercial rents reached an all-time high of $21.22 […]
Manassas Market Report — 3rd Quarter of 2023
November 16, 2023
2023 CITY OF MANASSAS MARKET REPORT The Manassas real estate market continues to significantly outperform the region. Commercial vacancy rates dropped dramatically from 3.1% to 2.0% this past quarter. Demand from businesses that are growing in the community, and those that want to locate here, is creating an extremely tight leasing and sales […]
Mid-Year Downtown Manassas Report 2023
July 27, 2023
HISTORIC DOWNTOWN MANASSAS MID-YEAR 2023 REPORT Summer is in full swing in Downtown Manassas and the City’s Historic Heart is stronger than ever! As evidenced by a plethora of new business openings, a full schedule of summer events, and several major redevelopment projects wrapping up, Historic Downtown Manassas is in the midst of […]
Manassas Market Report — 2nd Quarter of 2023
July 13, 2023
2023 CITY OF MANASSAS MARKET REPORT The City of Manassas, with its historic charm and robust business community, had an active first half of economic activity in 2023. While larger economic trends like rising interest rates and post-pandemic real estate changes likely affected demand for new office space, both industrial and retail space […]
Business Beat: Presenting the 2022 Annual Report & Workforce Survey
May 18, 2023
Sign Up Now Newsletter Archives In 2022, the City of Manassas’s economy flourished with new announcements, a thriving small business community, and the continued expansion of our major employers. The City’s growth and ongoing community development will have lasting impact on our citizens and businesses for years to come. The Department of Economic Development […]
Manassas Market Report – First Quarter 2023
April 6, 2023
2023 Q1 MARKET REPORT The first quarter of 2023 came to a close with the City abuzz in celebration of the 150th Anniversary of its founding in 1873. Between the return of warm weather, several major developments taking their first steps, and the Manassas economy’s continued growth, the City is off to a strong start […]
Downtown 2022 Report + HUBZone News
January 19, 2023
HISTORIC DOWNTOWN MANASSAS REAL ESTATE 2022 YEAR IN REVIEW As the center for commercial activity and entertainment in the area, business locations in Historic Downtown are perpetually in high demand. 2022 was no exception with strong leasing activity and a number of ongoing construction projects highlighting a shortage of office and retail product in […]