Commercial Real Estate Market in North Dakota

Q: Which markets in North Dakota have the most active listings?

Bismarck , Fargo , Mandan , Williston and Grand Forks have the most active commercial listings, with 219, 176, 72, 52 and 46 respectively. Realmo tracks 9 city markets here, each with its own market page.

North Dakota has 551 active for-sale listings and 337 active for-lease listings. Statewide, the median asking price is $135/SF and the median asking rent is $16.00/SF/Yr as of November 2026. Realmo tracks 9 city markets here; among the 5 with enough listings to rank, median asking prices range from $122/SF in Dickinson to $179/SF in Williston.

Median asking price: $135/SF
Median asking rent: $16.00/SF/Yr
For-sale listings: 551
For-lease listings: 337
City markets: 9

Highest- and Lowest-Priced Markets

Williston and Dickinson are $57/SF apart on asking price. The figures below are median asking prices from live listings, not closed sales.

Asking Prices

Williston has the highest median asking price at $179/SF, and Dickinson has the lowest at $122/SF. 3 of 5 ranked markets have median asking prices above the statewide $135/SF.

North Dakota vs. Neighboring States

The median asking price in North Dakota is $135/SF, below the $143/SF median of its 3 neighboring states. By median asking price, the state ranks 3rd of 4 in the group; Montana is highest at $205/SF and South Dakota lowest at $122/SF. The median asking rent is $16.00/SF/Yr, compared with $15.25/SF/Yr in Minnesota, $19.00/SF/Yr in Montana and $14.39/SF/Yr in South Dakota next door. The statewide median asking price is below the U.S. median of $178/SF.

State	Median Asking Price, $/SF	Median Asking Rent, $/SF/Yr	For-Sale Listings	For-Lease Listings
North Dakota	$135	$16.00	551	337
Minnesota	$143	$15.25	3,593	2,274
Montana	$205	$19.00	2,186	826
South Dakota	$122	$14.39	690	277
United States	$178	$18.28	265,785	185,367

A dash means fewer than 10 listings with a usable price.

Commercial Real Estate Markets in North Dakota

Realmo tracks 9 city markets in North Dakota, listed below by active listings. Bismarck leads with 219 active listings, followed by Fargo and Mandan.

City	Active Listings	Median Asking Price, $/SF	Median Asking Rent, $/SF/Yr
Bismarck	219	$165	$15.00
Fargo	176	$123	—
Mandan	72	$168	$17.96
Williston	52	$179	—
Grand Forks	46	—	—
West Fargo	37	—	—
Dickinson	27	$122	—
Horace	9	—	—
Rugby	4	—	—

Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.

What is the median price per square foot for commercial property in North Dakota?

The median asking price for commercial property statewide is $135/SF as of November 2026, based on 244 of the 551 active for-sale listings that state a price per square foot. These are asking prices from live listings, not closed-sale prices.

How much does it cost to lease commercial space in North Dakota?

The median asking rent for commercial space statewide is $16.00/SF/Yr as of November 2026, based on 80 of the 337 active for-lease listings that state a rent per square foot. At that rate, 2,000 SF would cost about $2,670 a month in asking rent. Whether taxes, insurance and maintenance are included varies by listing, so compare lease terms on each one.

Which cities have the highest and lowest commercial property prices?

Williston has the highest median asking price in the state at $179/SF, and Dickinson has the lowest at $122/SF. Rankings cover cities with at least 10 priced listings for each metric.

How do commercial property prices in North Dakota compare with neighboring states?

The statewide median asking price of $135/SF is below the $143/SF median of 3 neighboring states. Among them, Montana has the highest median asking price at $205/SF and South Dakota the lowest at $122/SF. The median asking rent is $16.00/SF/Yr, compared with $15.25/SF/Yr in Minnesota, $19.00/SF/Yr in Montana and $14.39/SF/Yr in South Dakota. The statewide median asking price is below the U.S. median of $178/SF.

Which markets in North Dakota have the most active listings?

Bismarck, Fargo, Mandan, Williston and Grand Forks have the most active commercial listings, with 219, 176, 72, 52 and 46 respectively. Realmo tracks 9 city markets here, each with its own market page.

Where does Realmo's market data come from?

Realmo compiles these figures from 551 active for-sale listings and 337 active for-lease listings in its public listing index. Statewide and neighboring-state figures refresh hourly and city figures daily; last updated 6 November 2026.

Methodology and Data Sources

Listing coverage: Asking figures come from 551 active for-sale and 337 active for-lease listings across North Dakota in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 244 for-sale and 80 for-lease listings that state a price or rent per square foot.
Asking prices and rents: Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
Neighboring states: Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
City markets: The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
Updates: Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.