On average, listings lease in the $20's per square foot per year. The Downtown Fargo submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% increase in rent.
In the last 90 days, 5 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,520 sqft. Most properties in this area are approximately 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 area. Most of the residents of Downtown Fargo work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.