Downtown Sioux Falls Office Space

Downtown Sioux Falls

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,770
As of: January 18, 2017

Downtown Sioux Falls Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Sioux Falls submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 31% rise in rent.

Downtown Sioux Falls Listing Supply

In the last 90 days, 6 listings have been listed, which means new availabilities most likley are 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.

Even though the median size is 3,770 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 1935 and are Class A.

Downtown Sioux Falls Community

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 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.

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