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.
Recent Stories
As a cold front leisurely makes its way southward, residents across the region can expect a shift in weather patterns, according to forecasts from the National Weather Service.
The Fredericksburg Regional Chamber of Commerce was pleased to award local businesses for their successes, entrepreneurial spirit, and community commitment at the 33rd Annual Awards Gala held Friday, April 12 at the Fredericksburg Convention Center.
On April 12 at 8:56 p.m., officers responded to the Longhorn Steakhouse located at 9695 Liberia Avenue in Manassas to investigate an assault.
Crimson Coward, a new restaurant specializing in hot chicken, has recently opened in Fredericksburg next to Mary Washington University.
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Spring Ceili: An Irish Music Festival
The New Dominion Choraliers of Prince William County and McGrath Morgan Academy of Irish Dance invite you to join them at our Ceili, a grand celebration of Irish music and dance.
A gathering of performance groups throughout Prince William County
Van Metre 5K Run
Participate in the 32nd Annual Van Metre 5K Run, a race that goes further than 3.1 miles, and every stride you take supports Children’s National Hospital. The Van Metre 5K Run donates 100% of proceeds to Children’s National Hospital and
