Most listings are in the $20's per square foot per year. The Downtown Fayetteville region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $27 per sqft per year. That's a 57% decline in rent.
In the last 90 days, 5 listings have come on the market, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Downtown Fayetteville are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,760 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1935 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Fayetteville residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.