Commercial Real Estate Market in Cando, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Cando, ND spans 247.2 square miles in Towner County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cando, ND runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Cando, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cando, ND runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Cando, ND runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 40.4%
- Industrial 32.6%
- Commercial 16%
- Open space 7.2%
- Agricultural 3.8%
Largest Zones share of zoned land by district
Industrial
Residential
Residential
Highway Commercial
Residential Commercial
Cando, ND zones 795 acres across 14 districts. Commercial zoning covers 16% of zoned land, residential 40.4%, open space 7.2% and industrial 32.6%. The largest single district is Industrial at 32.6%. For commercial buyers the practical constraint is that only 48.5% of land carries a commercial or industrial designation.
Industrial (IND)
IND district is intended to promote industrial related uses.
Market overview
Demographics & Economy
Cando, ND has 1,345 residents in 691 households. Density runs 5 people per square mile. Median household income here is $56,250 and median gross rent $757 a month.
1,345
Population
691
Households
1.9
Avg Household Size
49
Median Age
21%
College-Educated
89%
High-School Grad
247.2 sq mi
ZIP Area
5
Density / Sq Mi
$56,250
Median Household Income
$45,923
Median Earnings
$757
Median Rent
$144,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Maza | — | — |
| Bisbee | — | — |
| Egeland | — | — |
| Churchs Ferry | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Cando?
Cando, ND zones 795 acres across 14 districts, of which 16% is commercial and 32.6% industrial. The largest single district is Industrial at 32.6% of zoned land. IND district is intended to promote industrial related uses. Residential zoning covers 40.4% and open space 7.2%.
Methodology & data sources
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 795 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
