The typical asking rate per listing is in the $10's per square foot per year. The Sioux Falls submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
In the last 90 days, 1077 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Sioux Falls are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,760 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1994 and are Class A.
Real time and historical data on commercial real estate listings in Sioux Falls.
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