The typical asking rate per listing is in the $10's per square foot per year. The Sioux Falls submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 93 listings have been posted online, so you'll want to check back regularly for new listings. About 128% of the available space in the Sioux Falls are subleases, so you might be able to snag a great spot on a short term. 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 1,770 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1994 and are Class A.