The typical asking rate per listing is in the $20's per square foot per year. The Downtown Bismarck region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decrease in rent.
In the last 90 days, 16 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Downtown Bismarck are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,060 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1956 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown Bismarck occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.