Market Insights

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The Q3 2025 market report shows City of Manassas continuing to outperform the broader Northern Virginia region, with overall commercial vacancy dropping to a very tight 2.9% and rents rising across industrial, flex, retail, and office sectors. Industrial demand remains strong despite a temporary vacancy bump tied to a single large warehouse, while flex, retail, and office vacancies all sit near historic lows with record or near-record rents. Ongoing data center construction, major employer expansions, and downtown residential growth are reinforcing Manassas’ position as a supply-constrained, landlord-favored market heading into Q4. 

Prince William County’s economy in late 2025 shows mixed but generally stable conditions, with employment up 1.4%, business establishments up 2.4%, and wages rising 3.1%, despite a shrinking labor force and higher unemployment at 3.7%. Commercial real estate remains tight overall with total vacancy at 3.0%, office vacancy improving year-over-year to 5.1%, and industrial vacancy still very low at 2.7%, alongside positive net absorption. Housing prices continue to rise (median up 5.0% year-over-year), even as inventory increases, days on market lengthen, and closed sales decline modestly. Retail sales grew 3.4% annually, while tourism softened slightly with lower hotel occupancy, partially offset by higher average daily rates.

2025 was a challenging year for Fairfax County: unemployment claims rose sharply and the unemployment rate climbed from ~2.7 % to around 3.7 %, while job postings fell from more than 47 k in January to roughly 26–30 k by year‑end.  Inflation in the Washington–Arlington–Alexandria area eased in mid‑2025 but ticked back up to about 2.5 % by September, consumer confidence sagged, and real‑estate “hotness” scores trended downwardscreenshot.  The data‑highlights page notes that initial federal‑civilian unemployment claims YTD were 13 × higher than 2024 levels, job postings in December were down 37 % from January, and multiple WARN notices signalled layoffs across employers.  A definitions page clarifies the metrics and cites sources such as the U.S. Department of Labor and Bureau of Labor Statistics for transparency

Loudoun County’s FY25 Annual Report (“Loudoun Wrapped 2025”) showcases a record‑breaking year, with 178 business wins bringing US $8.47 billion in capital investment and creating or retaining 4,561 jobs.  The department notes a diverse portfolio of successes across sectors such as health, advanced manufacturing, logistics, rural industries, ICT, data centers and retail, and it earned multiple national awards for innovation and marketing.  Executive Director Buddy Rizer’s message frames FY25 as a breakout year marked by strong leadership and forward‑looking programs, while testimonials from partners like Hanley Energy highlight the county’s attractiveness for investment.

Fauquier County’s economic development materials depict a pro‑business environment built on low entry costs and strategic location near Washington, D.C., with targeted sectors like government contracting, agribusiness and tourism offering growth opportunities.

Learn More about the Ongoing infrastructure projects in the FY 2025 capital plan and note the strong rise in land values.