Downtown Manassas Midyear Market Report 2021

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Provided by City of Manassas Economic Development

Located in the historic heart of the City, Downtown Manassas and its vibrant businesses provide the vital heartbeat of Manassas. While the effects of the pandemic still linger in other areas of Northern Virginia, Historic Downtown Manassas is thriving with new outdoor dining, a full slate of events, and increasing visitors.
The first half of 2021 brought a host of new business activity to Historic Downtown Manassas, starting with Battle Street Bistro and Doug’s Deli opening their doors for the first time to Manassas diners. Local favorite Zandra’s Taqueria also re-opened after an extensive renovation and addition of their rooftop bar. There was also notable office activity Downtown with Hepburn and Sons leasing additional floors at their Church Street location and Berkshire Hathaway-PenFed Realty opening an office in the historic Flach Building on Main Street.
Key commercial real estate market indicators further showcase a thriving Downtown with significant demand for new leasable space and rising market rents. For the first half of 2021, overall vacancy in Historic Downtown sat at 3.2%—well below the five-year average (4.9%)—hovering slightly above the historic low 2.3% prior to the pandemic. Market rent, a key indicator of demand, experienced a healthy 2% rise over the last six months as well.
All signs are pointing up for Historic Downtown Manassas. For more information on available storefronts, office space or redevelopment opportunities, please call 703-257-8881.
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