Downtown Sioux Falls Office Space

Downtown Sioux Falls

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,430
As of: July 21, 2017

Downtown Sioux Falls Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Sioux Falls region is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decrease in rent.

Downtown Sioux Falls Listing Supply

In the last 90 days, 6 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 450% of the office spaces in the Downtown 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,430 sqft. Most properties in this region are close to 3 stories. Most buildings in this market were built in 1943 and are Class A.

Downtown Sioux Falls Community

This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Most of the residents 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.

Market Report

Trends and status of the commercial real estate market in Downtown Sioux Falls.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Sioux Falls.
Research