Commercial Real Estate Market in Mandan, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
77 active listings and 738 off-market properties in Mandan, ND. Commercial property asks $168/SF to buy and $18.22/SF/Yr to lease.
Market Trends
Mandan, ND spans 572.6 square miles in Morton County, North Dakota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Mandan, ND has a median asking sale price of $191/SF (based on 5 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Typical asking range for active listings in Mandan, ND (the middle half): Lease $13.00–$20.33/SF/Yr (median $18.49/SF/Yr, 11 listings).
Retail
Retail space in Mandan, ND has a median asking sale price of $191/SF (based on 6 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Mandan, ND has a median asking sale price of $169/SF. Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Typical asking range for active listings in Mandan, ND (the middle half): Sale $168–$189/SF (median $169/SF, 28 listings).
Multifamily
Multifamily space in Mandan, ND has a median asking sale price of $98/SF (based on 6 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 71.2%
- Residential 17.7%
- Commercial 6.7%
- Industrial 3.2%
- Planned_development 0.9%
- Open space 0.2%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Sec. 101-9-3. R7 Residential District. 1) General description. It is the intent of the R7 Residential District is to encourage development of lands within the city on lots primarily for detached dwelling units and related residential neighborhood uses. The R7 district falls within the low density residential land use category of the City of Mandan Future Lan…
Market overview
Demographics & Economy
Mandan, ND has 28,642 residents in 13,066 households. Density runs 50 people per square mile. Median household income here is $82,168 and median gross rent $1,048 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Mandan?
How much does it cost to lease commercial space in Mandan?
Where does Realmo's Mandan market data come from?
Methodology & data sources
- Asking prices and medians
- There are 49 active for-sale and 28 active for-lease listings in Mandan, ND. The medians are based on 40 of the for-sale and 16 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.
- Zoning and land use
- The current municipal zoning release: 17,463 zoned acres across 17 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 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
