The typical asking rate per listing is in the $20's per square foot per year. The Downtown Fredericksburg submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Washington D.C. market, the Downtown Fredericksburg submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 46 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the Downtown Fredericksburg are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1889 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Fredericksburg occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Fredericksburg.
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