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A THRIVING MARKET FOR YOUR BUSINESS in a top-ranked environment for

LIVING, WORKING, & PLAYING.

Downtown Sioux Falls offers a superior business location in one of the nation’s top-ranked places to live and work. The historic buildings in this vibrant district are home to award winning restaurants, contemporary businesses, and urban residents.

Best Small Place for Business & Careers nine out of the last 10 years -Forbes Magazine

Anchored by substantial community investment in the arts including the Washington Pavilion and SculptureWalk, civic assets including the Old Courthouse Museum and renovated library, and coupled with amenities like Falls Park and the River Greenway improvements, downtown attracts significant visitor traffic and spending potential.


165,974

CITY OF SIOUX FALLS MARKET DATA 243,721

33

2,219 Downtown Sioux Falls Median Age

3

City of Sioux Falls Population 1

Sioux Falls MSA* Population 2 Downtown Resident Populations 5

$66,469

15,000 Downtown Employees

6

City of Sioux Falls Average Household Income 4

$900 - $1200

Downtown Sioux Falls Average Rental Rate 8 *Metropolitan Statistical Area


Hilton Garden Inn

Holiday Inn Renovation

Uptown Exchange Lofts

The Residence

State Theatre Renovation

2nd Ave Street Improvements

Raven Industries

CNA

8th Street Reconstruction Main to Minnesota

Railroad Redevelopment

Phillips Ave Lofts

Greenway Phase I

YMCA Renovation

Greenway Phase II

The Plaza

DOWNTOWN DEVELOPMENT PROJECTS

#2 State Business Tax Climate -Small Business & Entrepreneurship Council 2013


DOWNTOWN PARKING

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Rates range from .60-.75/hr 5 parking ramps and 15 surface parking lots for tenants, guests and visitors 3,937 street metered parking spaces

2012 PEDESTRIAN TRAFFIC COUNTS

Time

Daily Weekly

Uptown District

11am-3pm

Eastbank District

11am-3pm 1,123 7,861

582

4,074

Downtown Core 11am-3pm 1,575 11,025

ACCESS

10

#1 State for Business -CNBC 2013

Sioux Falls is conveniently located in the southeastern corner of South Dakota with easy access to I-90, I-29 and I-229. Downtown is about 5 miles/10 minute drive from Sioux Falls Regional Airport which offers nonstop flights to Chicago, Dallas, Detroit, Denver, Minneapolis, Orlando, Las Vegas, Los Angeles and Phoenix.

2011 TRAFFIC COUNTS

Daily

Weekly

8th Street:

6,800

47,600

10th Street:

9,400

65,800

11th Street: 10,900 76,300

14th Street: 18,300 128,100


Leisure activities include attending live music, theatres, museums, sports and outdoor activities, volunteering and community organizations

DOWNTOWN CUSTOMERS

Enjoy exercise (gym, yoga, outdoors) Highly educated, with active lifestyle

Travel frequently

High internet, electronics and cell phone usage Eat out often

#1 Entrepreneurial Growth, -Fast Company Magazine 2013

RETAIL SALES As the largest retail center between Denver and the Twin Cities, Sioux Falls offers the consumer a vast selection of goods with thousands of retail stores scattered throughout the metro area. Employing approximately 12% of the metro labor force, the retail sector has a primary market area of 565,000 consumers. Sioux Falls ranks 188th out of 366 metro areas in terms of population. Per-household retail sales for 2010 were $78,000

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MAJOR DOWNTOWN DESTINATIONS & EVENTS

Parade of Lights: 7,000 attendees annually

Hot Summer Nites: 7,000 attendees annually

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by: C hris R

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14

Falls Park: 513,000 visitors annually 13

Washington Pavilion: 282,022 visitors annually 15

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Sidewalk Arts Festival: 48,000 12 e

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Additional traffic generators for downtown: • 2 Farmers Market located at 8th & Railroad Center and Falls Park. • St. Patrick’s Day Parade • Germanfest

Orphuem Theatre: 43,095 18 ScultureWalk: 200,000 visitors annually

Old Courthouse Museum: 41,591 visitors annually 17

#1 Personal Income Growth, US Bureau of Economic Analysis 2013

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FOOTNOTES

1

2014 Sioux Falls Downtown Market Study

11

Sioux Falls Development Foundation

2

2014 Sioux Falls Downtown Market Study

12

2010 Washington Pavilion Annual Report

3

2014 Sioux Falls Downtown Market Study

13

Sioux Falls Convention & Visitors Bureau

4

Sioux Falls Downtown Market Study

14

Downtown Sioux Falls

5

Sioux Falls Downtown Market Study

15

2010 Washington Pavilion Annual Report

6

Sioux Falls Downtown Market Study

16

SculptureWalk Board of Directors

7

Sioux Falls Downtown Market Study

17

Old Courthouse Museum Staff

8

Downtown Sioux Falls, Inc.

18

2011 Orphuem Annual Report

9

City of Sioux Fall Public Parking Facilities Annual Report

19

Downtown Sioux Falls

10

City of Sioux Falls Public Works Division

THIS PUBLICATION IS SUPPORTED IN PART BY: 7-22-14

Make It Downtown  

Make It Downtown

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