Rapid City Retail

1032 E North St - Entire Building Rapid City, SD HVAC
Sep 14
2,280
sqft
Office Retail
1555 Haines Ave - Unit B Rapid City, SD HVAC
May 29
14,000
sqft
Mixed Use Retail
717 Columbus St - Space Rapid City, SD HVAC and plus utilities
Apr 03
1,140
sqft
Office Retail
36 E Stumer Rd - 2 Spaces Rapid City, SD $6.06 NNN
Apr 01
1,200 - 8,000
sqft
Office Retail

Rapid City

Market Report

Number of Listings
Posted in the last 90 days
12
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,430

Rapid City Rates

The typical asking rate per listing is in the $10's per square foot per year. The Rapid City region is experiencing a decline in rates. In the last 3 months, the median rate decreased $23 per sqft per year. That's a 54% decline in rent.

Rapid City Listing Supply

In the last 90 days, 178 listings have come on the market, so you'll want to check back regularly for new listings. About 20% of the available leases in the Rapid City are subleases, so you might be able to find a shorter term or below market rent. 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 1,430 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1984 and are Class B.

Rapid City Community

Market Data

Real time and historical data on commercial real estate listings in Rapid City.
Research