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