Most listings are in the $10's per square foot per year. The Downtown Sioux Falls region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 4 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 830 sqft. Most properties in this region 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 region. Most of the occupants 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.