Forman, North Dakota: A Premier Destination for Commercial Real Estate

Introduction

Forman, North Dakota, offers a compelling opportunity for commercial real estate (CRE) investors and professionals. As the county seat of Sargent County, Forman boasts a strategic location with a modest population size that supports a tight-knit community and burgeoning economic activities. Known for its agricultural roots, the city's economy is diversifying, presenting unique opportunities for CRE development, particularly in sectors such as logistics, retail, and light industrial.

Economic and Industry Overview

Forman’s economy is primarily driven by agriculture, with significant contributions from logistics and small-scale manufacturing. The presence of rich farmland has attracted agribusinesses, creating demand for industrial properties and storage facilities. The city is also witnessing growth in retail as local businesses expand to serve the regional population.

Regional economic development initiatives, such as those sponsored by the Sargent County Economic Development, aim to attract new industries and enhance the business environment. These efforts are crucial in driving demand for various commercial property types, including office spaces and industrial sites.

Strategic Location and Transportation Infrastructure

Forman is strategically located with access to major transportation routes, enhancing its logistical appeal:

• Highways: Proximity to North Dakota Highway 13 and Highway 32 facilitates efficient transportation of goods and services.
• Airports: The region is served by Hector International Airport in Fargo, approximately 70 miles away, providing both passenger and cargo services.
• Rail: While Forman itself does not have direct rail access, nearby cities offer connectivity to major rail lines, supporting regional distribution needs.

These transportation assets make Forman an attractive location for distribution centers and logistics firms, offering easy access to larger urban markets and labor pools.

Commercial Real Estate Inventory & Zoning

Forman’s commercial real estate market features key submarkets and asset classes:

• Submarkets: The central business district (CBD) is the focal point for retail and office developments. Industrial corridors are emerging on the city’s outskirts.
• Asset Classes: Industrial properties, retail spaces, and office buildings dominate the landscape. The city encourages mixed-use developments, enhancing commercial appeal.
• Zoning: Forman offers incentives for developers through flexible zoning regulations and overlays that support mixed-use and industrial developments. For detailed zoning information, refer to the City of Forman Zoning Map.

Major Employers and Institutions

Key employers in Forman include agribusinesses, local government offices, and educational institutions. The Sargent County Courthouse and several city offices contribute to demand for office space. While there are no major universities in Forman, the presence of vocational and technical training centers supports workforce development.

For a comprehensive list of local businesses and institutions, visit the Sargent County Business Directory.

Notable Commercial Developments & Projects

Recent developments in Forman include:

• Mixed-Use Projects: New developments are integrating residential, retail, and office spaces, enhancing urban vibrancy.
• Public-Private Partnerships: Collaborative projects aim to revitalize key areas, leveraging Opportunity Zones to attract investment.

For details on ongoing projects, check the Forman Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are available:

• City’s Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Access comprehensive market data and economic reports through:

• Census Bureau's Forman Data
• Sargent County Open Data Portal

Brevitas utilizes AI-powered aggregation from these public data sources and internal insights, offering dynamic dashboards for insights into Forman’s CRE landscape.

Why Use Brevitas for Forman, North Dakota CRE?

Brevitas is the go-to marketplace for Forman’s commercial real estate, offering:

• AI-Driven Discovery: Locate properties with precision and receive real-time market alerts.
• Smart Property Pages: Access auto-generated listing pages with comprehensive details.
• Dealroom Collaboration: Collaborate seamlessly with brokers and developers through integrated tools.

Discover exclusive listings and leverage premium exposure by exploring Brevitas for Forman CRE.