First Quarter 2021 Updates for Manassas

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Provided by City of Manassas Economic Development

After a truly challenging year, 2021 is off to an encouraging start. New businesses continue to open, existing businesses have announced expansions and most residents have returned to work. Vacancies in each of the commercial sectors improved or remained stable from 2020 Q4, resting well within healthy averages. The City’s industrial and flex product remains the most in-demand with just under three percent vacancy and rents continue to rise. The retail sector, which was arguably the hardest hit last year, has continued to rebound. We’re hopeful this trend will continue as the warmer months arrive and indoor capacity restrictions are offset by expanded outdoor dining areas at many Manassas restaurants.
The Department remains committed to supporting City businesses and residents. The Incumbent Worker Training and Graduate programs are ongoing and both are offered through June 30, 2021. These programs help companies upskill exiting employees and assist residents to obtain a GED, free of charge.
For more information about how you or your business can take advantage of these programs, please call  703-257-8881.

Office Market

manassas office market q1 2021

Retail Market

manassas q12021 retail

Industrial Market

Unemployment Rate

Manassas q1 2021 unemployment

 

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