The typical asking rate per listing is in the $20's per square foot per year. The Downtown Fredericksburg region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $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.
In the last 90 days, 5 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 properties in this area are close to 4 stories. Most buildings in this market were built in 1924 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.