Commercial Real Estate Market in Fredericksburg, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
213 active listings and 4,267 off-market properties in Fredericksburg, VA. Commercial property asks $261/SF to buy and $20.00/SF/Yr to lease. Office vacancy runs 7.4%, the loosest of the segments tracked here.
Market Trends
Fredericksburg, VA spans 244.7 square miles in Fredericksburg County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Fredericksburg, VA runs 7.4% in 2025, down from 9.1% in 2019. Down from a 2020 peak of 10%.
Retail
Retail vacancy in Fredericksburg, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Fredericksburg, VA runs 4.3% in 2025, down from 5.1% in 2019. Down from a 2024 peak of 7.4%.
Multifamily
Multifamily vacancy in Fredericksburg, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 50.1%
- Planned_development 24.6%
- Commercial 16.8%
- Industrial 8.5%
Largest Zones share of zoned land by district
Fredericksburg, VA zones 6,784 acres across 18 districts. Commercial zoning covers 16.8% of zoned land, residential 50.1% and industrial 8.5%. The largest single district is Residential at 25.6%. For commercial buyers the practical constraint is that only 25.3% of land carries a commercial or industrial designation.
The Planned Development Commercial PD-C District is established to provide locations for a full range of retail commercial and service uses which are oriented to serve a regional market area.
Market overview
Demographics & Economy
Fredericksburg, VA has 184,069 residents in 71,096 households. Density runs 752 people per square mile. Median household income here is $111,004 and median gross rent $1,777 a month.
Tools
Lease vs Buy Breakeven
At $20.00/SF/Yr lease vs $261/SF buy → buying wins if held > 2.5 years.
At a 7.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Frequently Asked Questions
What is the median price per square foot for commercial property in Fredericksburg?
How much does it cost to lease commercial space in Fredericksburg?
What is the office vacancy rate in Fredericksburg?
Which property type has the lowest vacancy in Fredericksburg?
Is it cheaper to lease or buy commercial space in Fredericksburg?
What zoning applies to commercial property in Fredericksburg?
Where does Realmo's Fredericksburg market data come from?
Methodology & data sources
- Asking prices and medians
- There are 89 active for-sale and 124 active for-lease listings in Fredericksburg, VA. The medians are based on 27 of the for-sale and 22 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,784 zoned acres across 18 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- retail vacancy is reported at South region level and multifamily vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
