Commercial Real Estate Market in Aberdeen, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
136 active listings and 1,628 off-market properties in Aberdeen, SD. Commercial property asks $126/SF to buy and $11.74/SF/Yr to lease.
Market Trends
Aberdeen, SD spans 278.8 square miles in Brown County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Aberdeen, SD asks $79/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Aberdeen, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Aberdeen, SD runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Aberdeen, SD runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 40.9%
- Civic 23.8%
- Industrial 18%
- Commercial 12%
- Agricultural 4.4%
- Special 1%
Largest Zones share of zoned land by district
Municipal State And County Use District
Medium Density Residential District
Unrestricted Industrial District
Highway Commercial District
High Density Residential District
Aberdeen, SD zones 12,282 acres across 22 districts. Commercial zoning covers 12% of zoned land, residential 40.9% and industrial 18%. The largest single district is Municipal State And County Use District at 23.8%. For commercial buyers the practical constraint is that only 29.9% of land carries a commercial or industrial designation.
Municipal State And County Use District (M)
Sec. 60-63. M municipal, state and county use district. The purpose of this district is to provide various locations of city and county government and to permit construction of buildings pertaining thereto without exception. (Code 2011, § 60-63; Ord. No. 1164, § 713, 5-20-1968; Ord. No. 1233, § 7, 3-30-1970)
Market overview
Demographics & Economy
Aberdeen, SD has 32,275 residents in 15,016 households. Density runs 116 people per square mile. Median household income here is $68,183 and median gross rent $787 a month.
32,275
Population
15,016
Households
2.1
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
278.8 sq mi
ZIP Area
116
Density / Sq Mi
$68,183
Median Household Income
$40,562
Median Earnings
$787
Median Rent
$216,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $11.74/SF/Yr lease vs $126/SF buy → buying wins if held > 1.6 years.
At a 9.3% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kasper | — | — |
| Bath | — | — |
| Warner | — | — |
| Wetonka | — | — |
Commercial property in Aberdeen, SD asks $126/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Aberdeen?
Commercial property in Aberdeen, SD asks an average of $126 per square foot. Office carries the highest asking price at $79/SF.
How much does it cost to lease commercial space in Aberdeen?
Asking lease rates in Aberdeen, SD average $11.74 per square foot per year.
Is it cheaper to lease or buy commercial space in Aberdeen?
Buying beats leasing in Aberdeen, SD if the property is held longer than 1.6 years, comparing $11.74/SF/Yr asking rent with $126/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Aberdeen?
Aberdeen, SD zones 12,282 acres across 22 districts, of which 12% is commercial and 18% industrial. The largest single district is Municipal State And County Use District at 23.8% of zoned land. Sec. 60-63. M municipal, state and county use district. The purpose of this district is to provide various locations of city and county government and to permit construction of buildings pertaining thereto without exception. (Code 2011, § 60-63; Ord. No. 1164, § 713, 5-20-1968; Ord. No. 1233, § 7, 3-30-1970) Residential zoning covers 40.9% and open space 0%.
Where does Realmo's Aberdeen market data come from?
Realmo compiles Aberdeen, SD figures from 112 active sale listings, 24 active lease listings, 1,628 tracked off-market properties, the current Aberdeen zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 112 active for-sale and 24 active for-lease listings in Aberdeen, SD. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 12,282 zoned acres across 22 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
