Reports show health of FXBG commercial market

July 21, 2022 | Fredericksburg Business News | Commercial Real Estate

Second-quarter market reports recently published by Cushman & Wakefield | Thalhimer show the strength of the Fredericksburg-area commercial real estate market.

The reports focus on activity in the Industrial, Office and Retail markets. Among the highlights:

  • Vacancy rates are low. In the City of Fredericksburg, the vacancy rate is 4.2 percent for Office, 1.4 percent for Industrial and 3.6 percent for Retail.
  • The region’s unemployment rate remains low, and the population continues to grow.
  • There is ample activity in the warehouse/distribution space, with several large projects under way or recently completed in Caroline and Stafford counties.

It’s great to see all this activity!

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