Sioux Falls, SD Commercial Real Estate for Lease - 47 Listings

Graystone Plaza

4505 E 57th Street, Graystone Heights, Sioux Falls, SD
Property

Retail

9,962 SF
Availability

6 Spaces

10,254 SF
Year Built

2023
For Lease

$24.00 - $27.00/SF/YR
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Jameson Building

3500 S Phillips Avenue, Elmen - Paulsen, Sioux Falls, SD
Property

Office

19,804 SF
Availability

1 Space

1,181 SF
Year Built

1978
For Lease

$14.00/SF/YR
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3628-3632 N. Casco Avenue

3620 N Casco Ave, National Realty, Sioux Falls, SD
Property

Industrial

13,300 SF
Availability

2 Spaces

4,900 SF
For Lease

$7.50/SF/YR
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Southeastern Behavioral Sublease

431 N Phillips Ave, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

57,200 SF
Availability

1 Space

1,725 SF
Year Built

1896
For Lease

$14.50/SF/YR
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Old Chicago Building

4301 W 41st Street, Sioux Empire, Sioux Falls, SD
Property

Retail

10,765 SF
Availability

1 Space

10,765 SF
Year Built

1983
For Lease

$18.00/SF/YR
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5929 S Mogen Avenue

5929 S Mogen Ave, Sonler, Sioux Falls, SD
Property

Office

17,930 SF
Availability

2 Spaces

17,930 SF
Year Built

1997
For Lease

$5.00 - $16.00/SF/YR
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114 S Main Ave, Suite 2A

114 S Main Ave, Suite 2A, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

26,400 SF
Availability

1 Space

7,040 SF
Year Built

1940
For Lease

$13.00/SF/YR
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LSA Enterprises

1609 N C Ave, Sioux Falls International Airport, Sioux Falls, SD
Property

Office

6,860 SF
Availability

1 Space

1,938 SF
Year Built

1970
For Lease

$12.00/SF/YR
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3936 S. Western Avenue

3936 South Western Avenue, Burlington, Sioux Falls, SD
Property

Office

15,054 SF
Availability

1 Space

3,686 SF
For Lease

$12.00/SF/YR
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4320 S. Louise Avenue, Suite 105

4320 South Louise Avenue, Cottonwood Heights, Sioux Falls, SD
Property

Office

5,504 SF
Availability

1 Space

1,153 SF
For Lease

$1,900.00/MO
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2511 S. Minnesota Avenue

2511 South Minnesota Avenue, Fredin's, Sioux Falls, SD
Property

Retail

17,117 SF
Availability

1 Space

10,159 SF
Year Built

1951
For Lease

$10.00/SF/YR
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South Dakota Military Heritage Alliance

1600 & 1700 W. Russell Street, Sioux Falls International Airport, Sioux Falls, SD
Property

Office

69,470 SF
Availability

3 Spaces

693 SF
For Lease

$345.00 - $770.00/MO
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Three Fountains Plaza

2325 W Trevi Place, Prairie Hills South, Sioux Falls, SD
Property

Retail

15,972 SF
Availability

1 Space

1,952 SF
Year Built

2019
For Lease

$21.00/SF/YR
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5620 W. 9th Street

5620 W. 9th Street, Pine Meadows, Sioux Falls, SD
Property

Industrial

40,000 SF
Availability

1 Space

16,000 SF
Year Built

1989
For Lease

$6.50/SF/YR
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601 S. Phillips Avenue, Suite 101

601 South Phillips Avenue, Gale's, Sioux Falls, SD
Property

Office

1,998 SF
Availability

1 Space

1,998 SF
Year Built

1941
For Lease

$22.00/SF/YR
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3600 S Westport Ave

3600 S Westport Ave, Gold Creek East, Sioux Falls, SD
Property

Office

18,160 SF
Availability

9 Spaces

10,134 SF
Year Built

1978
For Lease

$25.00 - $79.59/SF/YR
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Highline Place Retail at Dawley Farm

620-622 S Highline Place, Dawley Farm Village, Sioux Falls, SD
Property

Retail

5,200 SF
Availability

2 Spaces

5,200 SF
Year Built

2018
For Lease

$28.00 - $32.00/SF/YR
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Sale or NNN Ground Lease Opportunity on Major Thoroughfare

4001 E 10th St , Linwood Park, Sioux Falls, SD
Property

Retail

4,490 SF
Availability

1 Space

50,529 SF
Year Built

1981
For Lease

$2.00/SF/YR
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Park Ridge Galleria Suites

1714 S Western Avenue, Park Ridge, Sioux Falls, SD
Property

Retail

32,865 SF
Availability

2 Spaces

5,723 SF
Year Built

1955
For Lease

$14.00 - $15.00/SF/YR
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6300 S Old Village Pl, Suite 201

6300 S Old Village Pl, Village at Heather Ridge, Sioux Falls, SD
Property

Office

29,136 SF
Availability

1 Space

4,223 SF
Year Built

2004
For Lease

$19.50/SF/YR
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Gas Co. Building

114 S. Main Avenue, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

26,400 SF
Availability

3 Spaces

1,610 SF
Year Built

1940
For Lease

$800.00 - $1,100.00/MO
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Jones421, Suite 116

421 North Phillips Avenue, Downtown Sioux Falls, Sioux Falls, SD
Property

Retail

16,517 SF
Availability

1 Space

520 SF
Year Built

2017
For Lease

$1,200.00/MO
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Falls Church Sublease

2701 South Minnesota Avenue, Fredin's, Sioux Falls, SD
Property

Office

460,000 SF
Availability

1 Space

5,424 SF
Year Built

1956
For Lease

$2,500.00/MO
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100 S. Main Avenue

100 S. Main Avenue, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

17,603 SF
Availability

1 Space

17,603 SF
For Lease

$15.00/SF/YR
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Falls Center, Suite 330

431 North Phillips Avenue, Downtown Sioux Falls, Sioux Falls, SD
Property

Office

57,200 SF
Availability

1 Space

1,820 SF
Year Built

1896
For Lease

$20.00/SF/YR
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6221C S. Western Avenue - The Wedge

6221C S. Western Avenue, Prairie Hills, Sioux Falls, SD
Property

Retail

924 SF
Availability

1 Space

924 SF
Year Built

2019
For Lease

$15.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Sioux Falls commercial real estate market incorporates 393,538 square feet of office space across 24 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Sioux Falls commercial real estate market includes 151,603 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Sioux Falls market, there is a total of 266,119 square feet of industrial property.

The listing inventory in Sioux Falls incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Sioux Falls is represented by Retail space, which accounts for 115,704 square feet of available listings. Office space available in Sioux Falls adds up to 101,739 square feet.

Meanwhile, most of the listings of commercial property for sale in Sioux Falls are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Sioux Falls is $16.92 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Sioux Falls can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Sioux Falls, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Sioux Falls is in the Gold Creek East neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Gold Creek East area.

Meanwhile, retail space opportunities are most abundant in the Graystone Heights submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Norton.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $32 per square foot. In particular, the property type commanding the highest lease rates in Sioux Falls was Office space.

The average size of a commercial property in Sioux Falls depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Sioux Falls, the average size of an office property is 17,111 square feet.
Retail properties here incorporate an average of 10,107 square feet.
Industrial space in Sioux Falls is in buildings that are, on average 26,612 square feet in size.

Sioux Falls, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Sioux Falls currently add up to 300,275 square feet. The market offers 18 active office listing(s), which amount to 101,739 square feet and account for 47% of commercial spaces on the market. Local retail availability includes 115,704 square feet across 12 retail space(s). Industrial space for rent opportunities in Sioux Falls amount to 76,782 square feet across a total of 7 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	18	101,739
Retail	12	115,704
Industrial	7	76,782
Other	1	6,050

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Sioux Falls, SD. Currently, there is 255,696 square feet of commercial property for sale here , which includes 5 office building(s) for sale , 3 retail investment opportunity listing(s) , and 5 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	5	34,536
Retail	3	14,348
Industrial	5	169,891
Other	7	36,921

Sioux Falls, SD Commercial Real Estate for Lease - 47 Listings

Graystone Plaza

Jameson Building

3628-3632 N. Casco Avenue

Southeastern Behavioral Sublease

Old Chicago Building

5929 S Mogen Avenue

114 S Main Ave, Suite 2A

LSA Enterprises

3936 S. Western Avenue

4320 S. Louise Avenue, Suite 105

2511 S. Minnesota Avenue

South Dakota Military Heritage Alliance

Three Fountains Plaza

5620 W. 9th Street

601 S. Phillips Avenue, Suite 101

3600 S Westport Ave

Highline Place Retail at Dawley Farm

Sale or NNN Ground Lease Opportunity on Major Thoroughfare

Park Ridge Galleria Suites

6300 S Old Village Pl, Suite 201

Gas Co. Building

Jones421, Suite 116

Falls Church Sublease

100 S. Main Avenue

Falls Center, Suite 330

6221C S. Western Avenue - The Wedge

Frequently Asked Questions

Sioux Falls, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Sioux Falls, SD Commercial Real Estate for Lease - 47 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Sioux Falls, SD?

What factors affect the price of commercial real estate in Sioux Falls, SD?

What is the average rent for commercial space in Sioux Falls, SD?

What are the best areas for commercial real estate in Sioux Falls, SD?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Sioux Falls, SD?

Sioux Falls, SD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us