Downtown Fredericksburg Office Space

Downtown Fredericksburg

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Downtown Fredericksburg Rates

Most listings are in the $20's per square foot per year. The Downtown Fredericksburg submarket is going through a decrease in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 37% decrease in rent.

Compared to the rest of the Washington D.C. market, the Downtown Fredericksburg region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Downtown Fredericksburg Listing Supply

In the last 90 days, 5 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,750 sqft. Most buildings in this area are around 4 stories. Most buildings in this market were built in 1924 and are Class B.

Downtown Fredericksburg Community

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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Fredericksburg Submarkets