The typical asking rate per listing is in the $30's per square foot per year. The Downtown Fargo region is seeing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 41% rise in rent.
In the last 90 days, 5 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the office spaces in the Downtown Fargo are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,740 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region 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 market. Most of the residents of Downtown Fargo work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.