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Fargo area expected to fight off recession, local real estate professionals project - Vimarsana News

Fargo area expected to fight off recession, local real estate professionals project

Real estate professionals from Goldmark spoke Wednesday morning, March 8, at the company's first Commercial Connect event. Speakers at the event expect the local economy to hold strong in 2023.

Fargo broker: metro commercial real estate market relatively strong despite inflationary pressures and rising interest rates - Vimarsana News

Fargo broker: metro commercial real estate market relatively strong despite inflationary pressures and rising interest rates

(Fargo, ND) -- Inflation has thrown a curve ball into an otherwise healthy commercial real estate market here in the FM metro, according to one commercial broker. "Construction costs on average are up 10 to 20 percent year over year. Personally we had probably 3 or 4 projects of our clients that pulled back in 2022 because of the rising costs of construction," Andy Westby,