City nearing $1 billion in building permits
Earlier this month, the City of Sioux Falls distributed its building permit stats through the first half of the year. It’s hard to believe, but within the next few weeks, there is a strong likelihood that our community will eclipse the one billion mark (for reference, our community hit the one billion mark for the first time last year and didn’t reach it until December).
From January through June, the City has issued a value of $868,537,859 in building permits. This is up from $492,205,649 in 2021 and $286,055,722 in 2020. This number is largely powered by projects with a value greater than $3 million. This includes:
- The Steel District development—three permits for a total of $96,839,662
- Cherapa Place—two permits for a total of $59,786,680
- Millstone Apartments (26th & Veterans Pkwy)– $32,892,314
- Harrisburg School District– $29,100,000
- Stadium Commons—$28,149,626
The list outlined above features three large multi-family projects. If you’ve driven the exterior of our City limits this past year, this would come as no surprise. The building permit data regarding multi-family construction is notable—through the first half of 2022, the City of Sioux Falls has issued permits for 1,830 multi-family units. Compare this to last year when the City permitted 1,031 units over the same time frame and 2020 when the City only permitted 284.
Other notable permit data include:
- 434 single-family units (2020- 330 units, 2021- 475 units)
- 269 town home units (2020- 166 units, 2021- 247 units)
- $586.4M in new commerical permits (2021- $173.5M, 2020- $90.2M)
- $162.6M in new residential permits (2021- 166.5M, 2020- $107.6M)
For specific questions, reach out to the City’s Building Service Division.