Commercial Real Estate Market in Lincoln, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 19 off-market properties in Lincoln, ND. Commercial property asks $29/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Lincoln, ND spans 103.3 square miles in Burleigh County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lincoln, 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 Lincoln, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lincoln, 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 Lincoln, 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
- Agricultural 60.2%
- Residential 27.1%
- Industrial 4.4%
- Planned_development 4.2%
- Civic 2.9%
- Commercial 1.3%
Largest Zones share of zoned land by district
Agricultural
Residential
Rural Residential
Light Industrial
Planned Unit Development
Agricultural (A)
The agricultural district is established as a district in which the predominant use of land is for general agricultural uses. For an A Agricultural District the specific intent of this section is to encourage the continued use of land for agricultural uses
Market overview
Demographics & Economy
Lincoln, ND has 29,517 residents in 12,479 households. Density runs 286 people per square mile. Median household income here is $78,671 and median gross rent $940 a month.
29,517
Population
12,479
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
94%
High-School Grad
103.3 sq mi
ZIP Area
286
Density / Sq Mi
$78,671
Median Household Income
$45,817
Median Earnings
$940
Median Rent
$282,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Livona | — | — |
| Bismarck | — | $14.76 |
| Apple Valley | — | — |
| Menoken | — | — |
Commercial property in Lincoln, ND asks $29/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lincoln?
Commercial property in Lincoln, ND asks an average of $29 per square foot.
How much does it cost to lease commercial space in Lincoln?
Asking lease rates in Lincoln, ND average $18.00 per square foot per year.
Where does Realmo's Lincoln market data come from?
Realmo compiles Lincoln, ND figures from 17 active sale listings, 4 active lease listings, 19 tracked off-market properties, the current Lincoln zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 4 active for-lease listings in Lincoln, 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.
- Zoning and land use
- The current municipal zoning release: 3,309 zoned acres across 10 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
