On average, listings lease in the $20's per square foot per year. The Downtown Fayetteville submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year.
In the last 90 days, 18 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 44% of the available leases in the Downtown Fayetteville are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 300 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1948 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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.