Most listings are in the $10's per square foot per year. The Sioux Falls submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decrease in rent.
In the last 90 days, 93 listings have come on the market, so you'll want to check back regularly for new listings. About 112% of the office spaces in the Sioux Falls are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,440 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1993 and are Class A.