Office vacancy in the City of Manassas closed the year at  7.5 %, remaining below the 5-year average of 10.6%.  V acancy rates remain higher across the rest of the region.  Rental rates continued to fall with the aging of the City's office product; however the market remains strong thanks in part to the pro-business environment in Manassas. 

With 5.4% vacancy and competitive rental rates, the City's retail market closed out the year strong.  Historic Downtown Manassas remains a premier business destination and key factor in the City's overall success.   The last quarter saw the opening of two boutiques, Puzzle Palooza and Old Towne Confections; the expansion of Calico Jacks and Amy's Bridal; renovation and re-branding  of Mackey's, now Taps N Apps; and the roll out of popular Sinistral Brewing Company.

Quality flex and industrial space continues to be highly sought after in the City of Manassas.    With a 3.3% vacancy, the City's flex and industrial product is nearly fully leased.  Space will remain in high demand as  there is no new construction anticipated in the immediate future.