Rapid City Industrial

Rapid City

Office Space Market Report

Number of Listings (last 90 days)
56
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
130
As of: July 19, 2017

Rapid City Rates

The typical asking rate per listing is in the $40's per square foot per year. The Rapid City region is seeing a a rise in rates. In the last 3 months, the median rate rose $27 per sqft per year. That's a 171% increase in rent.

Rapid City Listing Supply

In the last 90 days, 56 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the listings 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 130 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1984 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