Downtown Sioux Falls Retail

Downtown Sioux Falls

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,560
As of: June 23, 2017

Downtown Sioux Falls Rates

Most listings are in the $10's per square foot per year. The Downtown Sioux Falls submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $19 per sqft per year.

Downtown Sioux Falls Listing Supply

In the last 90 days, 6 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 433% of the available space in the Downtown Sioux Falls are subleases, so you might be able to snag a great spot on a short term. 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 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1943 and are Class A.

Downtown Sioux Falls Community

This region is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. 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