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

Introduction

Watford, North Dakota, is garnering attention as a burgeoning hub for commercial real estate (CRE) investments. With its strategic location in the heart of the Bakken oil region, Watford offers diverse opportunities across various CRE sectors, including industrial, retail, and office spaces. The city's economy is heavily influenced by the oil and gas industry, which drives a significant demand for commercial properties. As Watford continues to expand, it presents a unique opportunity for investors and developers looking to capitalize on its growth potential.

Economic and Industry Overview

Watford's economy is predominantly driven by the energy sector, particularly oil and gas, positioning it as a critical player in the North Dakota energy landscape. This industry fuels demand for industrial spaces and logistics facilities. Additionally, the city's retail and hospitality sectors are experiencing growth, spurred by the influx of workers and businesses supporting the energy industry.

Regional economic development initiatives, such as those by the McKenzie County Economic Development, aim to diversify the economic base and attract new investments, further enhancing Watford's CRE appeal.

Strategic Location and Transportation Infrastructure

Watford is strategically located at the crossroads of major transportation routes, offering excellent logistical advantages. Key highways such as US Route 85 and ND Highway 23 facilitate efficient movement of goods and services. Although Watford does not have a major airport, it is in proximity to the Williston Basin International Airport, providing access to national and international markets.

The city's transportation infrastructure supports its burgeoning industrial sector, offering easy access to labor pools and distribution networks essential for CRE development.

Commercial Real Estate Inventory & Zoning

Watford's CRE landscape is characterized by its industrial corridors and expanding retail and office spaces. Notable submarkets include the central business district (CBD) and the industrial zones aligned with the energy sector.

The city has embraced zoning reforms to accommodate growth, offering incentives for developers. For detailed zoning maps and parcel information, visit the City of Watford Zoning Maps.

Major Employers and Institutions

Watford is home to several major employers, primarily in the energy sector, including oil field services and logistics companies. The presence of these employers drives demand for office and industrial spaces. While the city does not host major universities, it benefits from nearby educational institutions that contribute to the workforce.

For a comprehensive list of major employers, consult the McKenzie County Business Directory.

Notable Commercial Developments & Projects

The city is witnessing several large-scale development projects, including mixed-use and commercial real estate developments. Public-private partnerships are fostering innovation, while Opportunity Zones offer tax incentives for investors. For details on specific projects, refer to the Watford City Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Watford provides a range of resources to facilitate CRE projects:

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

Market Data & Economic Reports

Public data sets and economic reports provide valuable insights into Watford's CRE market. Resources such as the U.S. Census Bureau and the city's open data portal offer comprehensive data.

Brevitas leverages AI-powered aggregation from public data and internal insights. Explore Brevitas-powered dashboards for detailed market intelligence on Watford.

Why Use Brevitas for Watford, North Dakota CRE?

Brevitas provides an unparalleled platform for discovering CRE opportunities in Watford, North Dakota. Our AI-driven tools offer:

• Real-time market alerts
• Smart property pages
• Dealroom collaboration
• Auto-generated listing pages
• Email and landing page tools

Brevitas integrates seamlessly with brokers and developers, offering exclusive listings and premium exposure to ensure you find the best CRE deals in Watford. Explore our Watford, North Dakota listings today.