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

Introduction

Watford City, North Dakota, is emerging as a dynamic hub for commercial real estate (CRE) investment, offering a compelling mix of economic growth, strategic location, and robust infrastructure. As the county seat of McKenzie County, Watford City has a population of approximately 7,500 residents. The city's economy is heavily influenced by the oil and energy sector, making it a crucial player in the Bakken oil formation. This unique positioning in the oil industry, coupled with ongoing development projects, presents significant opportunities for CRE professionals looking to capitalize on office, industrial, and retail property demands.

Economic and Industry Overview

Watford City's commercial real estate market is primarily driven by the energy sector, particularly oil and natural gas extraction. The Bakken formation has attracted numerous energy companies, fueling demand for industrial and office spaces. Additionally, the city's retail sector is expanding to meet the needs of a growing population and workforce. The McKenzie County Economic Development agency actively supports business growth and infrastructure development, further enhancing CRE opportunities.

Strategic Location and Transportation Infrastructure

Watford City's strategic location offers logistical advantages, with direct access to major highways such as U.S. Route 85 and North Dakota Highway 23, facilitating efficient transportation of goods and services. The city is also within proximity to Williston Basin International Airport, enhancing regional connectivity. These transportation networks are critical for businesses looking for streamlined distribution and access to labor pools. For more information, visit the North Dakota Department of Transportation.

Commercial Real Estate Inventory & Zoning

Watford City's CRE landscape includes diverse submarkets, such as its central business district (CBD) and industrial corridors. Key asset classes in the area encompass industrial, retail, and office spaces, with growing interest in medical facilities due to population influx. The city has introduced zoning incentives to attract developers, fostering a business-friendly environment. To explore zoning maps and regulations, visit the City of Watford City Zoning Maps.

Major Employers and Institutions

The city's major employers include prominent energy companies such as Continental Resources and Marathon Oil, which significantly influence CRE demand. Watford City is also home to essential government centers and educational institutions, contributing to the stability and growth of the local economy. For more detailed information, explore the Watford City Business Directory.

Notable Commercial Developments & Projects

Watford City is witnessing several large-scale development projects, including mixed-use and industrial developments. These projects often benefit from public-private partnerships and Opportunity Zones, designed to stimulate investment in designated areas. For current planning and development maps, check the Watford City Planning Department.

Building Permits, Planning, and Development Tools

To facilitate development, Watford City offers comprehensive resources:

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

Market Data & Economic Reports

Watford City offers a wealth of public data through resources like Census.gov and the city's open data portal. Brevitas harnesses AI-powered aggregation to provide comprehensive insights into these data sets, offering users an enhanced understanding of market conditions. Explore Brevitas' Watford City CRE Dashboard for detailed analytics.

Why Use Brevitas for Watford City, North Dakota CRE?

Brevitas stands out as the preferred platform for Watford City CRE professionals, offering:

• AI-driven CRE discovery
• Real-time market alerts
• Smart property pages
• Dealroom collaboration

With features like auto-generated listing pages, email tools, and integration with brokers and developers, Brevitas ensures exclusive listings receive premium exposure. Discover the potential of Watford City commercial real estate with Brevitas.