Commercial Real Estate Market in Sioux Falls, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
334 active listings and 5,309 off-market properties in Sioux Falls, SD. Commercial property asks $146/SF to buy and $16.25/SF/Yr to lease.
Market Trends
Sioux Falls, SD spans 175.9 square miles in Minnehaha County, South Dakota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Sioux Falls, SD has a median asking sale price of $192/SF (based on 8 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Sioux Falls, SD has a median asking sale price of $124/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Sioux Falls, 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 space in Sioux Falls, SD has a median asking sale price of $137/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Sioux Falls, SD has 199,599 residents in 89,519 households. Density runs 1,135 people per square mile. Median household income here is $77,889 and median gross rent $1,016 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Sioux Falls?
How much does it cost to lease commercial space in Sioux Falls?
Where does Realmo's Sioux Falls market data come from?
Methodology & data sources
- Asking prices and medians
- There are 155 active for-sale and 179 active for-lease listings in Sioux Falls, SD. The medians are based on 72 of the for-sale and 24 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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
