Rapid City Industrial

Rapid City

Office Space Market Report

Number of Listings (last 90 days)
56
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,000
As of: June 24, 2017

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 a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.

Rapid City Listing Supply

In the last 90 days, 56 listings have been made available, so you'll want to check back regularly for new listings. About 61% 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1986 and are Class B.

Rapid City Community

Market Report

Trends and status of the commercial real estate market in Rapid City.
Market Report

Market Data

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

Pennington County Submarkets