Provided by City of Manassas
A Year-End Market Report confirms that Historic Downtown Manassas continues to be a sought-after location for both retailers and offices.
Key metrics from the report include an occupancy rate for retail space of over 97% and a 50% drop in vacancy for office space. Meanwhile, rental rates have remained low. Historic Downtown Manassas has become a popular destination for both retail and office markets.
The area’s small-town charm, Northern Virginia location, events, and attractions serve as a magnet for potential customers. More than 450,000 visitors came to Manassas in 2019. From one-of-a-kind restaurants to unique shopping experiences to the bustle of daily commuters coming and going, City officials are thrilled to see Historic Downtown Manassas bustling with the energy that signals a true revival. The success of the Historic Downtown district is an indicator that the health and vitality of the Manassas economy remains strong.