On average, listings lease in the $10's per square foot per year. The Downtown Sioux Falls submarket is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 3 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 830 sqft. Most buildings in this region are close to 3 floors. Most buildings in this region were built in 1935 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. 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.