Downtown Bismarck Sublease

Downtown Bismarck

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,060
As of: December 3, 2016

Downtown Bismarck Rates

On average, listings lease in the $20's per square foot per year. The Downtown Bismarck region is experiencing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decrease in rent.

Downtown Bismarck Listing Supply

In the last 90 days, 19 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 5% 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 region are close to 3 stories. Most buildings in this area were built in 1956 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 area. 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.

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