On average, listings lease in the $20's per square foot per year. The Downtown Fargo region is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 13% decrease in rent.
In the last 90 days, 1 listings have been posted online, which means listings might be 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,290 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area were built in 2005.
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.