Commercial Real Estate Market in Watford City, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
61 active listings and 1,729 off-market properties in Watford City, ND. Commercial property asks $36/SF to buy and $25.01/SF/Yr to lease.
Market Trends
Watford City, ND spans 666.1 square miles in McKenzie County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Watford City, 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 Watford City, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Watford City, 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 Watford City, ND runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Watford City, ND has 9,142 residents in 4,941 households. Density runs 14 people per square mile. Median household income here is $88,234 and median gross rent $1,212 a month.
9,142
Population
4,941
Households
1.9
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
666.1 sq mi
ZIP Area
14
Density / Sq Mi
$88,234
Median Household Income
$61,278
Median Earnings
$1,212
Median Rent
$387,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Watford Cty | — | — |
| Arnegard | — | — |
| Rawson | — | — |
| Alexander | — | — |
Commercial property in Watford City, ND asks $36/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watford City?
Commercial property in Watford City, ND asks an average of $36 per square foot.
How much does it cost to lease commercial space in Watford City?
Asking lease rates in Watford City, ND average $25.01 per square foot per year.
Where does Realmo's Watford City market data come from?
Realmo compiles Watford City, ND figures from 58 active sale listings, 3 active lease listings, 1,729 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 3 active for-lease listings in Watford City, 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
