Commercial Real Estate Market in Forbes, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 62 off-market properties in Forbes, ND.
Market Trends
Forbes, ND spans 186.0 square miles in Dickey County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Forbes, 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 Forbes, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Forbes, 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 Forbes, ND runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Forbes, ND has 412 residents in 97 households. Density runs 2 people per square mile.
412
Population
97
Households
4.2
Avg Household Size
40
Median Age
13%
College-Educated
63%
High-School Grad
186 sq mi
ZIP Area
2
Density / Sq Mi
$0
Median Household Income
$16,518
Median Earnings
$0
Median Rent
$0
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elm Lake | — | — |
| Ellendale | — | — |
| Leola | — | — |
| Monango | — | — |
Commercial property in Forbes, ND asks $33/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Forbes?
Commercial property in Forbes, ND asks an average of $33 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Forbes, ND. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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.
- 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
