The typical asking rate per listing is in the $0's per square foot per year. The Downtown Sioux Falls submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 6 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. 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 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1935 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Most of the folk 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.