Commercial Real Estate Market in Gregory, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 200 off-market properties in Gregory, SD.
Market Trends
Gregory, SD spans 376.9 square miles in Gregory County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gregory, 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 Gregory, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Gregory, 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 Gregory, 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 70.1%
- Commercial 19.4%
- Industrial 5.3%
- Open space 3.6%
- Civic 1.6%
Largest Zones share of zoned land by district
Residential Lots
Commercial And Business
Industrial Lots
Park
School
Gregory, SD zones 627 acres across 5 districts. Commercial zoning covers 19.4% of zoned land, residential 70.1%, open space 3.6% and industrial 5.3%. The largest single district is Residential Lots at 70.1%. For commercial buyers the practical constraint is that only 24.6% of land carries a commercial or industrial designation.
Residential Lots (R)
The intent of this to promote Residential Lot uses
Market overview
Demographics & Economy
Gregory, SD has 1,773 residents in 880 households. Density runs 5 people per square mile. Median household income here is $50,000 and median gross rent $746 a month.
1,773
Population
880
Households
2
Avg Household Size
48
Median Age
21%
College-Educated
89%
High-School Grad
376.9 sq mi
ZIP Area
5
Density / Sq Mi
$50,000
Median Household Income
$36,908
Median Earnings
$746
Median Rent
$112,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dallas | — | — |
| Burke | — | — |
| Carlock | — | — |
| Lucas | — | — |
Commercial property in Gregory, SD asks $8,900/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gregory?
Commercial property in Gregory, SD asks an average of $8,900 per square foot.
What zoning applies to commercial property in Gregory?
Gregory, SD zones 627 acres across 5 districts, of which 19.4% is commercial and 5.3% industrial. The largest single district is Residential Lots at 70.1% of zoned land. The intent of this to promote Residential Lot uses Residential zoning covers 70.1% and open space 3.6%.
Where does Realmo's Gregory market data come from?
Realmo compiles Gregory, SD figures from 2 active sale listings, 200 tracked off-market properties, the current Gregory zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Gregory, 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: 627 zoned acres across 5 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
