Downtown Fargo Retail

Downtown Fargo

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,520
As of: May 21, 2017

Downtown Fargo Rates

On average, listings lease in the $20's per square foot per year. The Downtown Fargo submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% increase in rent.

Downtown Fargo Listing Supply

In the last 90 days, 5 listings have been made available, which means new listings are probably 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,520 sqft. Most properties in this area are approximately 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 area. Most of the residents of Downtown Fargo work from home. Commuting approximately 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