Department of Economic Development
City of Manassas
Contact: Nicole Smith, CEcD
Email: nsmith@ci.manassas.va.us

 

FOR IMMEDIATE RELEASE
Date: January 27, 2020

 

Manassas, VA — January 27, 2020 — A newly released Year-End Market Report confirms that Historic Downtown Manassas
continues to be a highly sought-after location for both retailers and offices seeking space for their companies.

Key metrics from the report focusing on Historic Downtown Manassas include an occupancy rate for retail space of over 97% and a
dramatic 50% drop in vacancy for office space. Meanwhile, rental rates have remained low, completing the picture of why Historic
Downtown Manassas has become such a popular destination for both retail and office markets.

The area’s small-town charm, strategic Northern Virginia location, events and attractions serve as a magnet for potential customers,
attracting more than 450,000 visitors in 2019. From one-of-a-kind restaurants along Battle Street to unique shopping experiences
on Center Street to the bustle of daily commuters coming and going, City officials are thrilled to see Historic Downtown Manassas
bustling with the kind of energy that signals a true revival. The success of the Historic Downtown district is a strong indicator that the
health and vitality of the City of Manassas economy remains strong.

About the City of Manassas Department of Economic Development
The City of Manassas fosters economic development through collaborative partnerships, sustainable fiscal management and
supportive City services. The Department of Economic Development (DED) is directly responsible for business attraction, retention,
expansion and tourism initiatives in the City. As a resourceful and collaborative organization, we work in partnership with our key
stakeholders to ensure that we have what businesses need; including a highly educated and technical workforce with access to major
universities and first-class training providers. We take an active leadership role in all that we do, serving as a community builder,
collaborator and agent of economic growth. For help with your business needs please visit: https://choosemanassas.org/ or call
703.257.8882.

 

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