Downtown Bismarck Retail

Downtown Bismarck

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,740
As of: July 27, 2017

Downtown Bismarck Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Bismarck region is seeing 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.

Downtown Bismarck Listing Supply

In the last 90 days, 8 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 posted, 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 area were built in 1970 and are Class A.

Downtown Bismarck Community

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 market. Commute by taxi is the most popular way to get to work amongst Downtown Bismarck folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Bismarck.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Bismarck.
Research

Bismarck Submarkets