Downtown Fargo Commercial Real Estate

612 1st Ave N - Unit 203 Downtown Fargo, Fargo, ND skylight
Sep 23
1,540
sqft
Office
74 N Broadway Dr - Space Downtown Fargo, Fargo, ND  
Sep 23
3,410
sqft
Retail

Downtown Fargo

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,540

Downtown Fargo Rates

Most listings are in the $10's per square foot per year. The Downtown Fargo region is seeing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 50% decline in rent.

Downtown Fargo Listing Supply

In the last 90 days, 59 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Downtown Fargo are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,540 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1986.

Downtown Fargo Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the folk of Downtown Fargo work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Fargo.
Research