Most listings are in the $10's per square foot per year. The Downtown Bismarck submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 10 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 10% of the available leases 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 1,290 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area 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.