The typical asking rate per listing is in the $20's per square foot per year. The Downtown Fayetteville submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
In the last 90 days, 5 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the listings in the Downtown Fayetteville 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,760 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1935 and are Class B.
A large portion of this area 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 occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.