Commercial Real Estate Market in Grand Forks, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
52 active listings and 3,194 off-market properties in Grand Forks, ND. Commercial property asks $132/SF to buy (based on 6 listings) and $16.00/SF/Yr to lease (based on 5 listings).
Market Trends
Grand Forks, ND spans 145.7 square miles in Grand Forks County, North Dakota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Grand Forks, ND runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Grand Forks, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Grand Forks, 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%.
Multifamily
Multifamily vacancy in Grand Forks, ND runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Grand Forks, ND has 63,415 residents in 29,367 households. Density runs 435 people per square mile. Median household income here is $64,700 and median gross rent $992 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Grand Forks?
How much does it cost to lease commercial space in Grand Forks?
Where does Realmo's Grand Forks market data come from?
Methodology & data sources
- Asking prices and medians
- There are 20 active for-sale and 32 active for-lease listings in Grand Forks, ND. The medians are based on 6 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
