The typical asking rate per listing is in the $20's per square foot per year. The Downtown Fredericksburg submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $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 region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 46 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Downtown Fredericksburg are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market 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 area. 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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