Commercial Real Estate Market in Tea, SD
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 484 off-market properties in Tea, SD. Commercial property asks $442/SF to buy and $11.75/SF/Yr to lease.
Market Trends
Tea, SD spans 25.6 square miles in Lincoln County, South Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Tea, SD asks $196/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Tea, SD runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Tea, 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 space in Tea, SD asks $136/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 36.6%
- Agricultural 27.7%
- Planned_development 18.9%
- Industrial 11.6%
- Commercial 5.2%
Largest Zones share of zoned land by district
Residential
Natural Resource Conservation And Park Open Space
Planned Development
Light Industrial
Residential
Residential (R-1)
This district is intended to provide for areas of low residential density
Market overview
Demographics & Economy
Tea, SD has 6,908 residents in 2,652 households. Density runs 270 people per square mile. Median household income here is $104,351 and median gross rent $1,132 a month.
6,908
Population
2,652
Households
2.6
Avg Household Size
31
Median Age
39%
College-Educated
98%
High-School Grad
25.6 sq mi
ZIP Area
270
Density / Sq Mi
$104,351
Median Household Income
$54,400
Median Earnings
$1,132
Median Rent
$330,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sioux Falls | — | $18.27 |
| Harrisburg | — | — |
| Chancellor | — | — |
| Naomi | — | — |
Commercial property in Tea, SD asks $442/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tea?
Commercial property in Tea, SD asks an average of $442 per square foot. Office carries the highest asking price at $196/SF.
How much does it cost to lease commercial space in Tea?
Asking lease rates in Tea, SD average $11.75 per square foot per year.
Where does Realmo's Tea market data come from?
Realmo compiles Tea, SD figures from 52 active sale listings, 8 active lease listings, 484 tracked off-market properties, the current Tea zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 8 active for-lease listings in Tea, 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: 2,147 zoned acres across 8 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
