Commercial Real Estate Market in Pierre, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 188 off-market properties in Pierre, SD.
Market Trends
Pierre, SD spans 564.1 square miles in Hughes County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pierre, 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 Pierre, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Pierre, 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 Pierre, 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 45.7%
- Residential 32.7%
- Commercial 10.3%
- Industrial 9.4%
- Open space 1.9%
Largest Zones share of zoned land by district
Agricultural District
One Family Residential District B
One Family Residential District A
Local Business District
Multifamily District
Agricultural District (AG)
The Agricultural District is designed to provide an environment where agriculture can operate compatibly with a greater density of population than normally found in farming areas
Market overview
Demographics & Economy
Pierre, SD has 17,083 residents in 7,851 households. Density runs 30 people per square mile. Median household income here is $79,224 and median gross rent $933 a month.
17,083
Population
7,851
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
96%
High-School Grad
564.1 sq mi
ZIP Area
30
Density / Sq Mi
$79,224
Median Household Income
$45,602
Median Earnings
$933
Median Rent
$222,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fort Pierre | — | — |
| Lacy | — | — |
| Oahe | — | — |
| Rousseau | — | — |
Commercial property in Pierre, SD asks $845/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pierre?
Commercial property in Pierre, SD asks an average of $845 per square foot.
Where does Realmo's Pierre market data come from?
Realmo compiles Pierre, SD figures from 8 active sale listings, 188 tracked off-market properties, the current Pierre 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 Pierre, 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: 8,348 zoned acres across 13 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
