Permit Statistics

1. Overview

City of Sioux Falls Planning and Development Services 2024 Year-End Building Permits Report

January 9, 2025

Welcome to the Building Services Year-End Building Permits Report for the City of Sioux Falls.

The following are permit statistics for 2024 with comparisons to previous years. 2024 again exceeded $1 billion for a fourth straight year and was our fourth best year to date.

Neil King
Chief Building Official

2. Permits Issued

In 2024, 6,183 building permits were issued in Sioux Falls. This was a decrease from 2023 which saw 7,324 permits issued. However, the number of permits is aligned with previous years considering 2024 did not have major wind or hail events. In 2022, we issued 11,171 permits, more than 5,000 of which were shingle permits, due to the multiple destructive storms that year, like the derecho. A typical year includes at least one hail event that averages between 1,800 to 2,000 shingle permits.

Total Construction Valuation

The construction valuation in 2024 totaled $1,076,691,818. Considering the carry-over from many large projects from 2022 and 2023, such as The Steel District, Cherapa II, and the City’s Water Reclamation Facility, this number still shows Sioux Falls has a strong construction industry.

• 3.5 percent decrease from 2023
• 44.2 percent decrease from 2022
• 2.5 percent decrease from 2021

Total construction valuation is defined as the quoted or calculated construction valuation for all commercial and residential new buildings, as well as additions, repairs, remodels, and renovations built within Sioux Falls.

3. Residential

Single-Family Dwellings

Sioux Falls added 532 new single-family dwellings in 2024. This is an increase of 111 single-family dwelling units from 2023.

• 26 percent increase from 2023 (421 units)
• 16 percent decrease from 2022 (636 units)
• 37 percent decrease from 2021 (850 units)

In 2024, the dollar value for all new single-family dwellings increased to $141,730,990. The average dollar value per dwelling decreased from $270,339 to $265,912. The average square footage per dwelling this past year was 1,393 square feet, a decrease from 1,520 square feet in 2023.

4. Town Houses

Sioux Falls had 344 permits issued for town house units in 2024, which is slightly up from the 331 permits issued in 2023. This has been a relatively steady number with slight increases and decreases in the past few years.

• 3.9 percent increase from 2023 (331 units issued)
• 15 percent decrease from 2022 (405 units issued)
• 24 percent decrease from 2021 (457 units issued)

An average valuation for a town house in Sioux Falls decreased in 2024 to $197,646. The average floor plan also decreased to 885 square feet compared to 1,040 square feet in 2023.

5. Multifamily

Multi-family dwellings include non-transient housing such as apartments, independent living centers, congregate living facilities, and condominiums. The number of permits issued in 2024 was for 1,256 dwelling units. This down 674 units from 2023.

• 35 percent decrease from 2023 (1,930 units issued)
• 62 percent decrease from 2022 (3,343 units issued)
• 31 percent decrease from 2021 (1,821 units issued)

Top Apartment Projects

The following are the top 5 apartment building projects in value for 2024:

Cumulative Number of Dwelling Units

The total number of dwelling units for 2024 was 2,150. This was a slight decrease from our 10-year average, which seems to follow the high-to-low trends with dwelling units.

• 19 percent decrease from 2023 (2,682 total dwelling units constructed)
• 51 percent decrease from 2022 (4,384 total dwelling units constructed)
• 31 percent decrease from 2021 (3,132 total dwelling units constructed)

The cumulative number of dwelling units consists of single-family dwellings, duplexes, town houses, and multifamily dwellings.

6. Commercial

There were 161 building permits issued for new commercial buildings, which consisted of 87 new apartment buildings and 74 permits for other new business construction. The total valuation for new commercial buildings in 2024 was $602.4 million.

In 2024, commercial construction in Sioux Falls included:

• $67.3 million for manufacturing
• $171.6 million for apartments
• $91.1 million for office, educational, and institutional occupancies
• $272.4 million for all other commercial buildings (e.g., strip malls, hotels, and restaurants)

The total construction valuation for commercial additions, renovations, and remodels in 2024 was $172.2 million.  

• 20 percent increase from 2023 ($215 million)
• 49 percent decrease from 2022 ($340 million)
• 7 percent decrease from 2021 ($266 million)

Including apartment buildings, there were 14 commercial projects permitted in 2024 with construction valuations of $10 million or more. The top commercial projects ranked by value are: