Cost + Taxes
Real Estate Costs
The Fredericksburg Region is ideally situated equidistant between Richmond and Washington D.C., and offers a variety of real estate options for businesses of all industries. The FredRegion is the northernmost location in the commonwealth with greenfield sites over 1,000 acres on Interstate 95. There are great redevelopment opportunities in historic downtown Fredericksburg and available warehouse and manufacturing buildings situated throughout the region that can meet the needs of any business.
OfficeGross Rent Per SF
- Vacancy Rate – 12.7% 5 Yr Avg
Ind / FlexRent Per SF
- Vacancy Rate – 11.1% 5 Yr. Avg.
RetailNNN Rent Per SF
- Vacancy Rate – 4.9% 5 Yr Avg.
OverallPrice Per SF
- Vacancy Rate – 8.5% 5 Yr Avg.
Corporate Tax Rate – 6% (Since 1972)
Sales Tax – 5.3%
Local Real Estate Taxes
Caroline – 0.83 Rate Per $100 of Assessed Valuation
City of Fredericksburg – 0.80 Rate Per $100 of Assessed Valuation
King George – 0.70 Rate Per $100 of Assessed Valuation
Spotsylvania – 0.85 Rate Per $100 of Assessed Valuation
Stafford – 0.99 Rate Per $100 of Assessed Valuation
Regional Tax Comparison
Fredericksburg Region has some of the lowest taxes per capita in the Commonwealth. When factoring in our highly skilled workforce, business infrastructure, and strategic location the Fredericksburg Region is one of the best regions to do business in the Commonwealth of Virginia.
Source: Fiscal Analytics LLC