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

Introduction

Arnegard, North Dakota, although a small city, presents a compelling opportunity for commercial real estate (CRE) professionals. Situated in the heart of the Bakken oil formation, Arnegard's economy is largely influenced by the energy sector, making it a strategic location for industrial and logistics properties. With its unique positioning in the CRE market, Arnegard offers a blend of economic growth potential and investment opportunities for discerning investors.

Economic and Industry Overview

Arnegard's economy is predominantly driven by the energy industry, particularly oil and gas. The Bakken shale formation, one of the largest oil-producing regions in the United States, significantly boosts demand for industrial properties, including warehouses and logistics centers. The presence of the energy sector also spurs growth in supporting industries, such as equipment manufacturing and transportation services, further driving CRE demand.

• Major Industries: Energy (oil and gas), Manufacturing, Transportation
• Economic Development Initiatives: The North Dakota Department of Commerce promotes regional economic development, aiming to diversify and strengthen the local economy. More information can be found here.

Strategic Location and Transportation Infrastructure

Arnegard is strategically located with access to major transportation routes that facilitate distribution and logistics operations.

• Highways: Proximity to U.S. Route 85 enhances connectivity to regional markets.
• Airports: The nearby Williston Basin International Airport provides air logistics options.
• Rail Lines: Rail infrastructure supports bulk goods transportation, vital for the energy and manufacturing sectors.

For more details, visit the North Dakota Department of Transportation.

Commercial Real Estate Inventory & Zoning

Arnegard's commercial real estate landscape is characterized by industrial and mixed-use developments.

• Key Submarkets: Industrial corridors supporting energy operations.
• Asset Classes: Primarily industrial, with emerging opportunities in retail and office spaces.
• Zoning Initiatives: The city offers various incentives for developers, focusing on industrial and mixed-use projects.

Access Arnegard's zoning maps for more information.

Major Employers and Institutions

The economic landscape of Arnegard is supported by key employers and institutions.

• Top Employers: Energy companies, equipment manufacturers, and logistics firms.
• Institutions: Local government centers play a crucial role in CRE demand.

For a comprehensive list, visit the McKenzie County Economic Development website.

Notable Commercial Developments & Projects

Arnegard is home to several significant development projects that enhance its CRE appeal.

• Large-Scale Developments: Industrial parks and mixed-use developments.
• Opportunity Zones: Identified areas offer tax advantages and incentives for investors.

Explore ongoing projects at the North Dakota Planning Department.

Building Permits, Planning, and Development Tools

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

Market Data & Economic Reports

Access public data sets and economic reports through resources like census.gov and North Dakota's open data portal. Brevitas leverages AI-powered aggregation from public data and internal insights to deliver precise market intelligence.

Explore our Brevitas-powered dashboards for detailed city insights.

Why Use Brevitas for Arnegard, North Dakota CRE?

Brevitas offers unparalleled tools for CRE professionals in Arnegard, North Dakota.

• AI-driven CRE Discovery: Identify opportunities with precision.
• Real-time Market Alerts: Stay ahead of market trends.
• Smart Property Pages & Dealroom Collaboration: Enhance property marketing and transaction processes.
• Unique Features: Auto-generated listing pages, email and landing page tools, broker and developer integration, exclusive listings, and premium exposure.

Leverage Brevitas as your go-to marketplace for Arnegard's commercial real estate.