Commercial Real Estate Market in Box Elder, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 159 off-market properties in Box Elder, SD. Commercial property asks $3,165/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Box Elder, SD spans 167.4 square miles in Pennington County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Box Elder, SD runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Box Elder, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Box Elder, 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 Box Elder, SD runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Box Elder, SD has 11,326 residents in 4,707 households. Density runs 68 people per square mile. Median household income here is $74,936 and median gross rent $1,212 a month.
11,326
Population
4,707
Households
2.4
Avg Household Size
31
Median Age
27%
College-Educated
94%
High-School Grad
167.4 sq mi
ZIP Area
68
Density / Sq Mi
$74,936
Median Household Income
$38,513
Median Earnings
$1,212
Median Rent
$275,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ellsworth AFB | — | — |
| Rockerville | — | — |
| Rapid City | — | — |
| Bend | — | — |
Commercial property in Box Elder, SD asks $3,165/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Box Elder?
Commercial property in Box Elder, SD asks an average of $3,165 per square foot.
How much does it cost to lease commercial space in Box Elder?
Asking lease rates in Box Elder, SD average $10.00 per square foot per year.
Where does Realmo's Box Elder market data come from?
Realmo compiles Box Elder, SD figures from 22 active sale listings, 2 active lease listings, 159 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 2 active for-lease listings in Box Elder, 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.
- 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
