Commercial Real Estate Market in Piedmont, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 210 off-market properties in Piedmont, SD.
Market Trends
Piedmont, SD spans 135.9 square miles in Meade County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Piedmont, 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 Piedmont, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Piedmont, 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 Piedmont, 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 43.6%
- Commercial 23.4%
- Agricultural 22.1%
- Special 10.9%
Largest Zones share of zoned land by district
Rural Residential
Rural Reserve
Single Family Residential
General Commercial
Town Center
Rural Residential (RRES)
The purpose of the Rural Residential District is to maintain existing concentrations of low-density residential development
Market overview
Demographics & Economy
Piedmont, SD has 4,458 residents in 1,670 households. Density runs 33 people per square mile. Median household income here is $91,284 and median gross rent $1,030 a month.
4,458
Population
1,670
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
97%
High-School Grad
135.9 sq mi
ZIP Area
33
Density / Sq Mi
$91,284
Median Household Income
$51,690
Median Earnings
$1,030
Median Rent
$329,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Summerset | — | — |
| Black Hawk | — | — |
| Tilford | — | — |
| Nemo | — | — |
Commercial property in Piedmont, SD asks $1,614/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Piedmont?
Commercial property in Piedmont, SD asks an average of $1,614 per square foot.
Where does Realmo's Piedmont market data come from?
Realmo compiles Piedmont, SD figures from 13 active sale listings, 210 tracked off-market properties, the current Piedmont zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Piedmont, 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: 983 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
