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The Q1 2024 City of Manassas Market Report indicates strong demand and low vacancy rates across all commercial real estate sectors, with the commercial sector maintaining a historically low 2% vacancy rate and an all-time high rent price of $21.29. The report highlights the City's focus on revitalizing commercial corridors, as evidenced by private sector investment and the Economic Development Authority's intention to purchase Manassas Shopping Center.
According to the Prince William County Recent Economic Development Indicators report for January 2024, the county experienced positive growth in various sectors, including a 4.3% increase in at-place employment, a 9.5% rise in establishments, and a 5.3% growth in gross weekly wages compared to the previous year. The report also highlights the county's strong performance in the commercial real estate market, with declining vacancy rates across most sectors, as well as a 13.7% increase in median home prices and a 1.1% growth in taxable retail sales.
Commercial property in Fairfax County provides attractive choices in an ever-evolving business world. The Fairfax County Pulse provides comprehensive, accurate and up-to-date information about the Fairfax County commercial real estate market.
Loudoun County is dedicated to recruiting new business, growing existing industries and improving the county’s business climate, They’re ready and waiting to provide a wide range of services for your company, whether you’re a start-up or well-established player.
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.
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