Commercial Real Estate Market in Minot, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 3,829 off-market properties in Minot, ND. Commercial property asks $26/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Minot, ND spans 399.1 square miles in Ward County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Minot, 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 Minot, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Minot, 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 Minot, 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 48.3%
- Residential 23.6%
- Industrial 14%
- Civic 7.4%
- Commercial 6.7%
- Mixed use 0%
Largest Zones share of zoned land by district
Agricultural District
Single Family Residential District
Public Zone
Heavy Industrial District
General Commercial District
Agricultural District (AG)
Public Zone “P” Public Zone “MH” Manufactured Home District “MH” Manufactured Home District “O” Office District No comparable district was recreated No comparable previous district “GMU” General Mixed Use District “AG” Agricultural District “AG” Agricultural District 1Developed properties zoned C-4 and R-4 shall attend to the underlying “C2” General Commerci…
Market overview
Demographics & Economy
Minot, ND has 61,335 residents in 28,584 households. Density runs 154 people per square mile. Median household income here is $77,487 and median gross rent $977 a month.
61,335
Population
28,584
Households
2.1
Avg Household Size
32
Median Age
31%
College-Educated
95%
High-School Grad
399.1 sq mi
ZIP Area
154
Density / Sq Mi
$77,487
Median Household Income
$46,042
Median Earnings
$977
Median Rent
$263,765
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Burlington | — | — |
| Surrey | — | — |
| South Prairie | — | — |
| Logan | — | — |
Commercial property in Minot, ND asks $26/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Minot?
Commercial property in Minot, ND asks an average of $26 per square foot.
How much does it cost to lease commercial space in Minot?
Asking lease rates in Minot, ND average $18.00 per square foot per year.
Where does Realmo's Minot market data come from?
Realmo compiles Minot, ND figures from 6 recent recorded sales, 61 active sale listings, 9 active lease listings, 3,829 tracked off-market properties, the current Minot zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 61 active for-sale and 9 active for-lease listings in Minot, 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: 46,241 zoned acres across 24 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
