The typical asking rate per listing is in the $30's per square foot per year. The Downtown Bismarck submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $18 per sqft per year. That's a 91% rise in rent.
In the last 90 days, 8 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 region are around 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 market. 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.