Commercial Real Estate Market in Fargo, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
195 active listings and 1,364 off-market properties in Fargo, ND. Commercial property asks $121/SF to buy and $14.00/SF/Yr to lease (based on 8 listings).
Market Trends
Fargo, ND spans 71.4 square miles in Cass County, North Dakota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Fargo, ND runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Fargo, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Fargo, ND has a median asking sale price of $135/SF (based on 9 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Fargo, ND has a median asking sale price of $94/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 32.7%
- Civic 25%
- Industrial 15.5%
- Commercial 12%
- Agricultural 5.7%
- Mixed use 1.2%
Largest Zones share of zoned land by district
The P/I, Public and Institutional district is intended to accommodate uses of a governmental, civic, public service or quasi-public nature, including major public facilities. It offers an alternative (versus residential) zoning classification for public and institutional uses, thereby increasing development predictability within residential neighborhoods.
Market overview
Demographics & Economy
Fargo, ND has 128,195 residents in 63,865 households. Density runs 1,796 people per square mile. Median household income here is $68,757 and median gross rent $929 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Fargo?
How much does it cost to lease commercial space in Fargo?
Where does Realmo's Fargo market data come from?
Methodology & data sources
- Asking prices and medians
- There are 95 active for-sale and 100 active for-lease listings in Fargo, ND. The medians are based on 28 of the for-sale and 8 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 26,979 zoned acres across 20 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
