Most listings are in the $30's per square foot per year. The Downtown Fredericksburg submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Washington D.C. market, the Downtown Fredericksburg submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have been posted online, which means office spaces are probably 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 490 sqft. Most properties in this market are close to 4 stories. Most buildings in this region were built in 1914 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.