Commercial Real Estate Market in Manassas, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
233 active listings and 2,433 off-market properties in Manassas, VA. Commercial property asks $251/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Manassas, VA spans 87.0 square miles in Manassas County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Manassas, VA asks $22.55/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Manassas, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Manassas, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Manassas, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 54.1%
- Industrial 19.9%
- Special 13.6%
- Civic 9.1%
- Mixed use 2.2%
- Planned_development 1.1%
Largest Zones share of zoned land by district
Manassas, VA zones 5,501 acres across 19 districts. The largest single district is Small Lots Single Family Residential District at 17.9%. For commercial buyers the practical constraint is that only 19.9% of land carries a commercial or industrial designation.
The R2S small lots, single family residential district is intended to preserve and promote quality residential scale architecture and neighborhood character.
Market overview
Demographics & Economy
Manassas, VA has 161,311 residents in 53,626 households. Density runs 1,855 people per square mile. Median household income here is $122,209 and median gross rent $1,972 a month.
Tools
Lease vs Buy Breakeven
At $20.00/SF/Yr lease vs $251/SF buy → buying wins if held > 2.3 years.
At a 8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Manassas Park | $300 | $37.09 |
| Centreville | $285 | $28.00 |
| Chantilly | $301 | $21.23 |
Commercial property in Manassas, VA asks $251/SF. The 3 bordering markets run from $285/SF in Centreville to $301/SF in Chantilly, and the city sits below their $300/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Manassas?
How much does it cost to lease commercial space in Manassas?
Is it cheaper to lease or buy commercial space in Manassas?
How does Manassas compare to nearby markets on price?
What zoning applies to commercial property in Manassas?
Where does Realmo's Manassas market data come from?
Methodology & data sources
- Asking prices and medians
- There are 84 active for-sale and 149 active for-lease listings in Manassas, VA. The medians are based on 29 of the for-sale and 47 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,501 zoned acres across 19 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
