2023 Office Space Rent & Sales
- $30.50 2023 Avg. Asking Rent
- 10.92% 2023 Office Vacancy Rate
Fredericksburg office price per square foot in 2023 was $30.50 on average. The local office market recorded an average vacancy rate of 10.92% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Virginia Class A & A+ Office Space$36.28
- Virginia Class B Office Space$26.18
- Virginia Class C Office Space$32.04
Fredericksburg, VA Office Asking Rents by Class
2023 Office Vacancy Rates in Fredericksburg
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Fredericksburg | $30.50 | 11.72% |
| Stafford | $24.18 | 13.35% |
Office Spaces for Rent in Virginia
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2023 Office Construction in Fredericksburg, VA
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1500 Dixon Street | 1500 Dixon Street, 22401 | 38,786 | 2011 |
| Cowan Center | 2521 Cowan Blvd, 22401 | 32,400 | 2009 |
| 450 Solomon Drive | 450 Solomon Drive, 22405 | 20,816 | 2008 |
| 3504 Plank Rd | 3504 Plank Rd, 22407 | 17,771 | 2007 |
| 1071 Care Way | 1071 Care Way, 22401 | 16,262 | 2007 |
| 10340 Spotsylvania Ave | 10340 Spotsylvania Ave, 22408 | 15,000 | 2007 |
| 308 Wolfe St | 308 Wolfe St, 22401 | 6,002 | 2007 |
| 1051 Care Way | 1051 Care Way, 22401 | 3,208 | 2007 |
| Breezewood Office Park | 10700 Ballantraye Drive, 22407 | 36,984 | 2005 |
| 3447-3451 Fall Hill Ave | 3447 Fall Hill Ave, 22401 | 13,600 | 2004 |
Worth noting among recent office completions on the Fredericksburg market is 1500 Dixon Street, which is currently the largest new office development in the city, at 38,786 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Fredericksburg commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.