Commercial Real Estate Market in Garretson, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 113 off-market properties in Garretson, SD.
Market Trends
Garretson, SD spans 132.8 square miles in Minnehaha County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Garretson, 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 Garretson, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Garretson, 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 Garretson, 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
- Agricultural 43.3%
- Civic 36.3%
- Industrial 16.4%
- Commercial 4%
Largest Zones share of zoned land by district
Agriculture
Single Family Residential
Industrial
General Business
Multi Family Residential
Agriculture (AG)
The purpose of this district is to preserve lands best suited for natural drainage areas, public open space, and agricultural uses from encroachment by incompatible uses
Market overview
Demographics & Economy
Garretson, SD has 3,042 residents in 1,155 households. Density runs 23 people per square mile. Median household income here is $83,932 and median gross rent $731 a month.
3,042
Population
1,155
Households
2.6
Avg Household Size
39
Median Age
29%
College-Educated
96%
High-School Grad
132.8 sq mi
ZIP Area
23
Density / Sq Mi
$83,932
Median Household Income
$49,086
Median Earnings
$731
Median Rent
$278,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dell Rapids | — | — |
| Baltic | — | — |
| Trosky | — | — |
| Corson | — | — |
Commercial property in Garretson, SD asks $146/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Garretson?
Commercial property in Garretson, SD asks an average of $146 per square foot.
Where does Realmo's Garretson market data come from?
Realmo compiles Garretson, SD figures from 8 active sale listings, 113 tracked off-market properties, the current Garretson zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Garretson, 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: 1,025 zoned acres across 6 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
