Alexandria City Manager Jim Parajon presented the first in a series of monthly economic updates to the city council on Tuesday, Sept. 9, highlighting mixed economic signals and rising uncertainty that could complicate budget planning.
The presentation, requested by Mayor Alyia Gaskins, showed commercial office vacancy rates climbing to 21.6% in 2025 from 15% in 2023, while retail markets remained strong with Old Town posting a 5.8% vacancy rate.