On average, listings lease in the $20's per square foot per year. The Downtown Fayetteville region is seeing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 13% rise in rent.
In the last 90 days, 5 listings have been made available, which means new availabilities most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,120 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area 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 area. 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.