FY 2016 3rd Quarter Commercial Report
Office Market
Office vacancy rates across the region remain high, but Manassas has fallen to a low of 7.5 percent. This is significantly below the 5-year average of 10.6 percent. Rental rates fell during the quarter to $18.80 but are expected to rebound; the average over the last five years has been $19.68.
Retail Market
The retail market remains strong as development and relocation interest grows from prospective developers and businesses. At the close of the 3rd quarter, rates hit a 2016 high of $22.80 while vacancy was just over 5 percent.
Industrial/Flex Market
The 4.5 percent vacancy rate in the City is consistent with neighboring communities. With average rental rates of $9.38, and new product entering the market, the City will be at a competitive advantage-offering new, Class A Flex space at a lower price than others.
The Economic Development Office maintains an inventory of available commercial space which can be found on the City webpage at www.manassasva.gov/ED or call 703-257-8881.
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Join us for An Evening in Paris, an unforgettable soirĂ©e celebrating the best of French culture. Experience an immersive evening filled with gourmet French cuisine, refined wines, captivating live music, and the irresistible ambiance of the City of Light. Whether you’re a lifelong Francophile or simply love a night of sophistication, this is a celebration you won’t want to miss.
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Calling all WSHS Class of 1975 graduates! Our class has planned our 50-Year Class Reunion to be held September 26-28, 2025 in Woodbridge, Virginia. Reunion details and registration information are available to be sent to you.
To find out more, please email our reunion committee at [email protected]
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