Downtown Sioux Falls Commercial Real Estate For Lease

Downtown Sioux Falls

Market Report

Number of Listings For Lease
Posted in the last 90 days
20
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
500

Downtown Sioux Falls Commercial Real Estate

Find Downtown Sioux Falls commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Downtown Sioux Falls commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Sioux Falls Rates

The typical asking rate per commerial real estate listing leases is in the $10's per square foot per year. The Downtown Sioux Falls region is going through a decrease in rates. In the last 3 months, the median rate for lease fell $4 per sqft per year.

Downtown Sioux Falls Listing Supply

In the last 90 days, 171 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Downtown Sioux Falls are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 2,740 sqft. Most buildings in this region are around 3 floors. Most buildings in this region were built around 1935 and are Class A.

Downtown Sioux Falls Community

This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Most of the residents of Downtown Sioux Falls work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Sioux Falls.
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