The typical asking rate per listing is in the $20's per square foot per year. The Downtown Fredericksburg region is going through a decrease in rates. In the last 3 months, the median rate decreased $26 per sqft per year. That's a 52% decrease in rent.
Compared to the rest of the Washington D.C. market, the Downtown Fredericksburg submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 10 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 90% of the office spaces in the Downtown Fredericksburg are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,120 sqft. Most buildings in this region are approximately 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 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.