Fredericksburg Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Fredericksburg is $20.99 per square foot, 3.15% lower compared to the previous year.
  • The average sale price for office space in Fredericksburg is $221.04 per square foot, marking an increase of 74.27% compared to 2024.
  • The market’s vacancy rate stands at 29.57%, higher than the state average of Virginia, which is 16.76%.

2025 Office Space Rent & Sales

  • $20.99 2025 Avg. Asking Rent
  • -3.15% Y-o-Y Avg. Asking Rent Change
  • 29.57% 2025 Office Vacancy Rate
  • $27.1M2025 Total Office Sales
  • $221.04Avg. Sale Price/SF

What is the average asking rent price for office space in Fredericksburg?

Average asking rents for office space here stand at $20.99 per square foot. The local office market recorded an average vacancy rate of 29.57% in 2025, unchanged from 29.57% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $27.1M across 3 sales. These transactions commanded an average sale price per square foot of $221.04.

Fredericksburg, VA Office Asking Rents by Class

What is the average office rent per square foot by property class in VA?

  • Avg. Asking Rent Class A & A+$35.10
  • Avg. Asking Rent Class B$27.59
  • Avg. Asking Rent Class C$19.12

For comparison, the average rent for Class A and A+ office space in Virginia was $35.10 per square foot. The state-wide average for Class B space was $27.59 per square foot, and Class C office spaces averaged $19.12 per square foot.

Fredericksburg, VA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Fredericksburg was Stafford at 21.56%. Meanwhile, the highest office vacancy rate in the market was 23.57%, recorded in Fredericksburg.
Submarket Asking Rents Vacancy Rates
Fredericksburg $22.67 23.57%
Stafford $22.62 21.56%
Data provided by Yardi Research

Explore Top Office Markets in Virginia

2025 Office Sales Volume

  • $221.042025 Avg. Price per SF
  • $27.1M2025 Office Sales Volume
  • 32025 Number of Transactions

What is the average sale price per square foot for office space in Fredericksburg?

Average sale prices for office space in this market recorded a +74.27% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $221.04 per square foot. For comparison, the statewide Virginia average during the same time period stood at $148.92 per square foot, while the national average was $182.48 per square foot.

Fredericksburg, VA Sale Price per SF Trend

  • Fredericksburg Avg. Sale Price per SF in 2025$221.04
  • Virginia Avg. Sale Price per SF in 2025$148.92

What was the total office sales volume in Fredericksburg in 2025?

The local office market recorded 3 deals in 2025, adding up to a yearly sales volume of $27.1M.

  • Fredericksburg, VA Total Office Sales Volume in 2025 $27.1M
  • Fredericksburg, VA Total Number of Office Sales Closed in 2025 3
Data provided by Yardi Research

Office Construction in Fredericksburg, VA

What are the largest recent office completions in Fredericksburg?

The largest recent office completion here is Lee Hill - Building 1 at 145,400 square feet, completed in 1999. The next largest completions are Central Park Corporate Center - 1320 Central Park Boulevard and 110 & 114 Juliad Court.

Office building Address SF Completed
450 Solomon Drive 450 Solomon Drive, 22405 20,816 2008
915 Maple Grove Dr 915 Maple Grove Dr, 22407 20,480 2008
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 6,112 2007
The Lee's Hill Medical Plaza 10401 Spotsylvania Avenue, 22408 72,255 2006
Central Park Corporate Center - 1320 Central Park Boulevard 1320 Central Park Blvd, 22401 75,256 2001
Lee Hill - Building 1 10300 Spotsylvania Avenue, 22408 145,400 1999
110 & 114 Juliad Court 114 Juliad Court, 22406 75,000 1999
Central Park Corporate Center - 1440 Central Park Blvd 1440 Central Park Blvd, 22401 46,271 1999
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.