Rapid City Retail

Rapid City

Office Space Market Report

Number of Listings (last 90 days)
56
Median Rate ($/sqft/yr)
$43
Median Size (sqft)
130
As of: August 17, 2017

Rapid City Rates

The typical asking rate per listing is in the $40's per square foot per year. The Rapid City submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $27 per sqft per year. That's a 171% increase 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 9% of the office spaces in the Rapid City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 130 sqft. Most buildings in this region are approximately 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