Downtown Fargo Office Space

Downtown Fargo

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,310
As of: June 26, 2017

Downtown Fargo Rates

On average, listings lease in the $20's per square foot per year. The Downtown Fargo submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $22 per sqft per year.

Downtown Fargo Listing Supply

In the last 90 days, 5 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 280% of the available leases in the Downtown Fargo are subleases, so you might be able to snag a great spot on a short term. 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 2,310 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1986.

Downtown Fargo Community

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 occupants 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.

Market Report

Trends and status of the commercial real estate market in Downtown Fargo.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Fargo.
Research

Fargo Submarkets