On average, listings lease in the $20's per square foot per year. The Downtown Fredericksburg region is going through a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Washington D.C. Area market, the Downtown Fredericksburg submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
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 have to focus your search on direct office leases. 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 market are close to 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 market. 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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