Most listings are in the $10's per square foot per year. The Downtown Fargo submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 48% decrease in rent.
In the last 90 days, 5 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 930 sqft. Most buildings in this area were built in 2005.
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 residents 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.