The typical asking rate per listing is in the $20's per square foot per year. The Downtown Fayetteville region is seeing a a rise in rates. In the last 3 months, the median rate went up $26 per sqft per year.
In the last 90 days, 18 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Downtown Fayetteville 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 posted, 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 region are around 2 floors. 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 market. Commute by bike is the most popular way to get to work amongst Downtown Fayetteville residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.