Downtown Sioux Falls Retail

Downtown Sioux Falls

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,500
As of: March 1, 2017

Downtown Sioux Falls Rates

On average, listings lease in the $20's per square foot per year. The Downtown Sioux Falls submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.

Downtown Sioux Falls Listing Supply

In the last 90 days, 7 listings have been made available, which means leases most likley are going fast. 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.

The standard measurement for office space in this area is around 2,320 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1935 and are Class A.

Downtown Sioux Falls Community

A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. 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