Rapid City Office Space

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 22, 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 experiencing a an increase in rates. In the last 3 months, the median rate went up $27 per sqft per year. That's a 171% rise in rent.

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 14% of the office spaces 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 posted, 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 around 2 floors. Most buildings in this area 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