Fredericksburg Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $21.68 2024 Avg. Asking Rent
  • 28.59% 2024 Office Vacancy Rate

Fredericksburg office price per square foot in 2024 was $21.68 on average. The local office market recorded an average vacancy rate of 28.59% 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

2024 Average Office Rent per Square Foot

  • Virginia Class A & A+ Office Space$35.61
  • Virginia Class B Office Space$25.93
  • Virginia Class C Office Space$20.32

Fredericksburg, VA Office Asking Rents by Class

2024 Office Vacancy Rates in Fredericksburg

Submarket Asking Rents Vacancy Rates
Stafford $23.97 26.24%
Fredericksburg $23.44 24.02%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Fredericksburg market was 28.59% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Fredericksburg was 24.02% in the Fredericksburg submarket, while the highest office vacancy in the market was 26.24%, recorded in Stafford.

Office Spaces for Rent in Virginia

Coworking Spaces in Virginia

2024 Office Construction in Fredericksburg, VA

Largest Office Properties Recently Completed in Fredericksburg
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
4550 Empire Court 4550 Empire Court, 22408 3,000 2006
Central Park Corporate Center - 1320 Central Park Boulevard 1320 Central Park Blvd, 22401 75,256 2001
Central Park Corporate Center - 1420 Central Park Boulevard 1420 Central Park Blvd, 22401 25,300 2000
Lee Hill - Building 1 10300 Spotsylvania Avenue, 22408 145,400 1999

Worth noting among recent office completions on the Fredericksburg market is 450 Solomon Drive, which is currently the largest new office development in the city, at 20,816 square feet.

Data provided by Yardi Research

See reports for other markets

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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.