Commercial Real Estate Market in Deadwood, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
6 active listings and 327 off-market properties in Deadwood, SD.
Market Trends
Deadwood, SD spans 125.5 square miles in Lawrence County, South Dakota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Deadwood, SD runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Deadwood, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Deadwood, 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%.
Multifamily
Multifamily vacancy in Deadwood, SD runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.7%
- Commercial 23.9%
Largest Zones share of zoned land by district
Deadwood, SD zones 2,873 acres across 7 districts. Commercial zoning covers 23.9% of zoned land, residential 72.7%. The largest single district is Park Forest District at 35.1%. For commercial buyers the practical constraint is that only 23.9% of land carries a commercial or industrial designation.
CHAPTER 17.20 PF PARK FOREST DISTRICT 17.20.010 Intent 17.20.020 Uses Permitted By Right 17.20.030 Conditional Uses 17.20.040 Area And Bulk Requirements 17.20.010 Intent The PF park forest district is intended to provide areas in forested sections of the city to be used for low-density single-family residential development while minimizing potential adverse…
Market overview
Demographics & Economy
Deadwood, SD has 1,965 residents in 1,519 households. Density runs 16 people per square mile. Median household income here is $44,750 and median gross rent $725 a month.
Tools
Nearby Markets
Commercial property in Deadwood, SD asks $291/SF. The 2 bordering markets run from $150/SF in Lead to $174/SF in Spearfish, and the city sits above their $162/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Deadwood?
How does Deadwood compare to nearby markets on price?
What zoning applies to commercial property in Deadwood?
Where does Realmo's Deadwood market data come from?
Methodology & data sources
- Asking prices and medians
- There are 5 active for-sale and 1 active for-lease listings in Deadwood, SD. The sale median is based on 4 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 2,873 zoned acres across 7 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
