InsideNoVACRE: INSIGHTS and OPPORTUNITIES AWAIT.

The City of Manassas commercial real estate market continues to show strong demand and low vacancy into the 2nd quarter of 2024. Average market rent has hit an all-time high of $21.39/sf, while vacancy dropped to an all-time low of 1.9%. Additionally, months on market (9.7), months to lease (4.4), and months vacant (3.8) all trended downward from last quarter to near record lows.

According to the Prince William County Recent Economic Development Indicators report for May 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 Manassas started making its comeback in the early 1980s decades earlier than the average American city. Now, business locations are perpetually in high demand and Historic Downtown continues to be the cultural and commercial center for the Greater Manassas Region. The past six months have been no different.