The typical asking rate per listing is in the $20's per square foot per year. The Downtown Bismarck region is going through a decrease in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 44% decrease in rent.
In the last 90 days, 8 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Downtown Bismarck are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,700 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1970 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 region. Commute by taxi is the most popular way to get to work amongst Downtown Bismarck residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.