The typical asking rate per listing is in the $50's per square foot per year. The Downtown Fayetteville region is experiencing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year. That's a 159% increase in rent.
In the last 90 days, 10 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 150 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1935 and are Class B.
A large portion of this market 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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.