FARGO COMMERCIAL REAL ESTATE INSIDER

Your trusted source for expert insights, market trends, and the latest opportunities in the Fargo commercial real estate market. Whether you’re a seasoned investor, a business owner, or simply interested in the Fargo commercial real estate market, this newsletter is crafted to keep you informed and positioned for success.

EXCLUSIVE OFF MARKET PROPERTY

Here's an off market deal I'd like you to know about:

9400+ Square Foot shop, warehouse, and office with yard space in Fargo

Interested in learning more?

Contact me for details!

FEATURED LISTING - THE MEADOWLARK: $5,750,000

• Prime Downtown Location: Situated at 503 7th St N in the heart of Fargo, this property boasts exceptional visibility and access to the city's vibrant business district.
• Historic Charm Meets Modern Updates: Meticulously renovated, The Meadowlark preserves its original character while incorporating contemporary amenities.
• Ideal for an Owner-Operator: Enjoy the rare opportunity to own your space for less than renting. An 8,500 SF space will be available in December, giving one the opportunity to own the entire building while occupying a portion of the building.
• Attractive Investment Opportunity: A unique downtown gem that combines timeless appeal with modern functionality, making it a standout option for discerning investors.

View Property Details

JUST SOLD: NOTABLE COMMERCIAL REAL ESTATE SALE

Here's a recent Fargo commercial real estate transaction you need to know about:

Property Type: Downtown Fargo Property

Address: 124 15th St North and 202 15th St North, Fargo

Sale Price: $2,300,000

Recording Date: December 19, 2024

Sold By: Terry Cullen LLC

Purchased By: 202 LLC

There are 24 other notable Fargo commercial real estate sales that recently closed, which you may not be aware of.

Interested in a comprehensive list of Fargo commercial real estate sales data?

Contact me for more details!

FARGO AREA ESTIMATED MULTIFAMLY VACANCY RATES

The latest data as of September 30, 2024, shows a notable increase in multifamily vacancy rates in both Fargo and West Fargo, while Moorhead experienced a slight decline. This data is greatly influenced by the timing of new units coming online, which can cause temporary spikes in vacancy as the market absorbs additional supply.

Fargo: 6.81% (up from 5.40% in 2023)

West Fargo: 7.01% (up from 4.50% in 2023)

Moorhead: 6.26% (down from 6.50% in 2023)

What Does This Mean for You? The rise in vacancies across Fargo and West Fargo suggests that supply is beginning to outpace demand in some segments of the rental market. This may be a result of increased new construction, tenants seeking more affordable housing options, or broader economic pressures impacting renters.

For property owners, this could mean more competition for tenants, longer lease-up times, and the potential need to offer incentives or reduce rents. Investors should factor this softening in when evaluating new acquisitions or development projects.

ECONOMIC INDICATORS

Understanding the latest economic indicators is essential for navigating Fargo commercial real estate investments. These key metrics impact investment properties in Fargo and across North Dakota and Minnesota. Staying up to date with key economic data is critical to understanding market conditions and making informed commercial real estate investment decisions. I analyze these indicators daily to provide my clients with clear, actionable insights backed by real data:

U.S. 10 Year Treasury: 4.28%

• Last Week: 4.48%
• View Current Yield

SOFR: 4.34%

• Last Week: 4.35%
• View Current Rate

25-Year SBA 504 Loans: 6.29%

• Last Week: 6.29%
• View Current Rate

U.S. Unemployment Rate: 4.0%

• Last Month: 4.0%
• View Current Rate

Consumer Confidence: 64.70

• Last Month: 71.10
• View Current Index

MY CLIENT WISH LIST. CAN YOU HELP?

My valued client is actively seeking the following Commercial Real Estate:

• Property Type: Stand alone restaurant with drive through
• Size Requirement: 2,500 - 4,000 square feet
• Location Preference: Fargo, ND
• Note: My client would like to purchase the existing restaurant equipment as well

Have what I'm looking for? Send me a message

FARGO COMMERCIAL REAL ESTATE FOR SALE OR LEASE

Explore the latest Fargo commercial real estate listings, including office space, retail, industrial properties, multifamily investments, and development land for sale or lease. Whether you're a business owner seeking a prime Fargo location or an investor targeting top properties in North Dakota and Minnesota, these listings highlight the best opportunities.

There are 12 new listings within the last week:

Here are three to take a look at:

1. 8400 square foot industrial building in Dickinson - $1,400,000
2. 9-unit apartment in Fargo - $675,000
3. New construction shop in North Fargo - $750,000

View All Fargo Commercial Real Estate:

Properties For Sale: View Properties

Properties For Lease: View Properties

COMMERCIAL REAL ESTATE NEWS

Apple’s $500 Billion U.S. Investment

Apple has unveiled a landmark $500 billion investment in the United States—a bold move that underscores its commitment to American innovation, manufacturing, and job creation. This historic investment is designed to strengthen domestic supply chains, boost research and development, and support federal initiatives aimed at revitalizing U.S. manufacturing.

In a prepared statement, CEO Tim Cook stated, "We are making a bold commitment to American innovation and growth. This investment reinforces our belief in the strength of the American spirit and our dedication to building a prosperous future for our country."

For commercial real estate professionals in Fargo, while the direct impact may be limited, the ripple effects of such a massive capital infusion are expected to bolster economic confidence across the nation. Increased corporate activity and improved infrastructure could drive demand for modern office, industrial, and mixed-use properties—even in markets like Fargo.

This transformative move by Apple not only sets a new benchmark for corporate investment but also signals potential opportunities for local real estate investors. By aligning regional strategies with national economic shifts, Fargo’s market can leverage these developments to attract further investment and spur sustainable urban growth.

COMMODITY PRICES

Commodity price fluctuations can influence the cost of construction, development, and overall commercial real estate operations. I closely track these changes to better understand their potential impact and provide my clients with strategic guidance. Here’s a look at the latest commodity prices:

Lumber per MBF: $638.94

• Last week: $618.08
• View Current Price

Copper per Lb.: $4.64

• Last Week: $4.60
• View Current Price

Wheat per Bushel: $5.72

• Last Week: $5.90
• View Current Price

Corn per Bushel: $4.80

• Last Week: $4.98
• View Current Price

Soybeans per Bushel: $10.30

• Last Week: $10.46
• View Current Price

Live Cattle per CWT: $199.35

• Last Week: $197.76
• View Current Price

Crude Oil per Barrel: $69.04

• Last Week: $71.83
• View Current Price

Ready to take the next step? When you are ready, there are four ways I can help:

1. Let’s Meet for Coffee

Whether you’re exploring options or seeking market insights, let’s meet and discuss your goals. SCHEDULE HERE

2. Mastermind For High-Net-Worth Individuals

Gain exclusive access to opportunities, strategies, insights, and connections tailored for high-net-worth individuals. APPLY HERE

3. Thinking about selling or leasing your property?

Let me provide a free and confidential valuation of your property to help you make informed decisions. ($1000 Value) GET STARTED HERE

4. Ready to grow your portfolio?

SIGN UP HERE for access to off-market commercial real estate deals, joint ventures, partnerships, and more.

Explore these opportunities and more at my website: www.FargoCommercialRealtor.com

ABOUT ME

I’m a seasoned commercial real estate agent in Fargo, ND, with over 25 years of real estate investment experience, helping clients navigate commercial real estate opportunities in North Dakota and Minnesota. Residing in West Fargo with my wife, Kate, and our four energetic sons—Brooks (7), Brody (4), Brock (3), and Briggs (1)—I balance my professional life with family, faith, and community involvement.

Outside of real estate, I stay busy attending NDSU sporting events, spending time at our lake cabin in Nevis, MN, coaching my sons' sports teams, chauffeuring them to their many activities, and teaching Sunday school at Hope Lutheran Church.

As a Fargo resident for over 30 years, I have deep local knowledge and strong industry connections, allowing me to provide valuable real estate insights and investment opportunities. My approach is built on trust, client relationships, and a commitment to maximizing value for investors, business owners, and developers.

Have a nice weekend!