In this detailed analysis of the Manassas office market, Brian's AI Assistant presents a comprehensive overview of current conditions and future trends for Northern Virginia's commercial real estate. Manassas offers remarkable stability with a low 2.9% vacancy rate and competitive rental rates ($29.35/sq ft for Class A, $26.99 for Class B, and $25.27 for Class C properties). The market is primarily driven by government contractors (32%), professional services (24%), and healthcare (18%), benefiting from its proximity to DC, transportation improvements along I-66, and George Mason University's Science and Technology Campus. With approximately 3 million square feet of total office inventory and selective new developments like The Landing at Cannon Branch and the Didlake headquarters project, Manassas is adapting to changing work patterns through shorter lease terms (averaging 4.8 years) and increased tenant improvement allowances. For investors, the market offers value-add opportunities with cap rates in the high 7% to 8.2% range, while future growth will likely focus on mixed-use developments, transit-oriented projects near VRE stations, and adaptive reuse of aging properties—positioning Manassas as a reliable alternative to more expensive Northern Virginia submarkets.
Despite national commercial real estate challenges, Manassas is experiencing remarkable resilience and growth in early 2025. Located just 30 miles from DC with convenient VRE commuter rail access, the area offers businesses affordable space without sacrificing accessibility. The industrial sector is thriving with warehouse and flex spaces showing vacancy rates below 5% and rent increases of 8% year-over-year. While office spaces are stabilizing with smaller tech companies and government contractors moving in, retail presents a mixed picture—Historic Old Town Manassas remains vibrant with low vacancy rates, but some strip malls still struggle. The city's pro-business approach, including tax incentives for new developments near George Mason University's Science and Technology Campus, is creating an innovation ecosystem attracting significant investment. With 150,000 square feet of new commercial space in development along the Virginia Gateway corridor and rumors of a major medical provider expansion, Manassas offers compelling opportunities for investors willing to look beyond traditional markets.
In this episode of Inside Nova C-R-E, we break down the latest trends shaping Northern Virginia’s commercial real estate market in 2025. From the resurgence of office spaces to the evolution of retail, the ongoing industrial boom, and the steady demand for multifamily properties, we cover everything you need to know to stay ahead.
Plus, we get insights from industry expert Brian Snook of Weber Rector Commercial Real Estate on where the best opportunities are right now. If you’re looking to invest, sell, or lease, this episode is packed with valuable takeaways.
Tune in and discover how to work smarter, not harder in commercial real estate. For more insights, visit InsideNovaCRE.com or reach out to Brian directly at Brian@Weber-Rector.com or 703-863-1895.
InsideNoVACRE, the AI-powered podcast that keeps you ahead of the curve in Northern Virginia’s commercial real estate market! In this episode, we break down what’s really happening in the local market—beyond the headlines.
From rising interest rates and shifting office space trends to the resilience of retail and hot investment opportunities, we’re covering it all. Plus, we’ll discuss how AI is changing the game and why smart investors are still making moves.
Looking for expert guidance? Brian Snook of Weber Rector Commercial Real Estate has the insights you need. Reach him at Brian@Weber-Rector.com or call/text Brian at 703-863-1895.