605.977.0778
Big-box retail building — Sioux Falls commercial real estate represented by Nelson CommercialMulti-tenant retail strip center for lease in Sioux Falls, South DakotaFurniture showroom retail property — Sioux Falls commercial real estateBrick restaurant and service building — Sioux Falls commercial real estate for saleDowntown Sioux Falls storefront commercial real estate property
Sioux Falls · Since 1989

Commercial real estate, done right.

Large enough to close the deal, small enough to care. For 35 years, businesses, investors, and landlords across South Dakota have trusted Nelson Commercial with their most important transactions.

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605.977.0778
Mon–Fri · 9:00 am – 5:00 pm CT
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2M+
sq-ft leased
250k+
sites placed
500+
buyers represented
35+
years in Sioux Falls
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For sale in Sioux Falls

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What we do

A full-service commercial brokerage, built for Sioux Falls.

Tenant Representation

We negotiate on your side of the table — rents, concessions, and flexibility that protect the business you're building.

Landlord Representation

Position, market, and lease your building with a team that already knows who's expanding — and who's leaving.

Investment Sales

Underwriting-first advisory for owner-users, 1031 buyers, and institutional investors across the Upper Midwest.

Land & Development

From site selection to entitlement to disposition — we help you see the deal others can't.

Why Nelson

Big-firm capability. Small-firm attention.

Our clients get institutional-grade underwriting, market data, and negotiation from a team that still returns calls the same day. That combination — depth plus care — is the reason more than half of our business comes from repeat clients and referrals.

Fiduciary-first

Your interests, in writing, at every stage.

35+ years local

We've closed in every submarket in the MSA.

Underwriting depth

Real comps, real assumptions, real numbers.

Relationships that stick

70% of clients hire us more than once.

"Ron and his team ran point on a complicated 1031 exchange and closed on our timeline without a single fire drill. Big-firm execution, small-firm attention."

Erik JohanssonPrincipal, Prairie Capital Partners

"We toured with three brokerages before choosing Nelson. Sara knew every rate and vacancy on 41st Street before we walked in the door."

Alicia RamosVP of Real Estate, Northline Coffee

"Michael's underwriting was tighter than the institutional shops we usually work with, and he actually returned calls."

Daniel WeissManaging Director, Meadowlark Industrial
Market insights

Real numbers from a real market.

All insights
Sioux Falls Commercial Real Estate Market Report 2026: Rents, Vacancy, and Where the Deals Are
Market Report

Sioux Falls Commercial Real Estate Market Report 2026: Rents, Vacancy, and Where the Deals Are

Sioux Falls commercial real estate in 2026: vacancy, rents, cap rates, and submarket data for industrial, office, retail, and land buyers and sellers.

How to Lease Commercial Space in Sioux Falls: A Step-by-Step Guide for Business Owners
Leasing

How to Lease Commercial Space in Sioux Falls: A Step-by-Step Guide for Business Owners

A practical, step-by-step guide to help you lease commercial space in Sioux Falls, from budgeting and touring to negotiating the lease itself.

Sioux Falls 2026 Industrial Outlook
Market Report

Sioux Falls 2026 Industrial Outlook

Vacancy tightens below 3% as regional distributors bet on the I-29 / I-90 crossroads. What owners and tenants should plan for in the next 18 months.

Buying vs. Leasing Commercial Property in South Dakota: How to Run the Numbers
Guide

Buying vs. Leasing Commercial Property in South Dakota: How to Run the Numbers

A numbers-first look at buying vs leasing commercial property in Sioux Falls, with a worked 10,000 sf example, financing math, and a decision checklist.

Cap Rates, NOI, and What Your Sioux Falls Commercial Property Is Actually Worth
Investing

Cap Rates, NOI, and What Your Sioux Falls Commercial Property Is Actually Worth

A practical breakdown of commercial property valuation: how NOI is built, cap rate ranges by asset class in Sioux Falls, and what owners get wrong.

The 1031 Exchange Playbook for South Dakota Investors: Rules, Timelines, and Replacement Strategy
Investing

The 1031 Exchange Playbook for South Dakota Investors: Rules, Timelines, and Replacement Strategy

A practical 1031 exchange guide for South Dakota investors covering timelines, identification rules, DSTs, and how to source replacement property in Sioux Falls commercial real estate.

A Tenant's Guide to NNN Leases
Leasing

A Tenant's Guide to NNN Leases

Triple-net leases shift more than rent. Here are the line items smart tenants negotiate before they sign anything in Sioux Falls.

Site Selection and Land Development in the Sioux Falls Growth Ring: From Raw Dirt to Ribbon Cutting
Development

Site Selection and Land Development in the Sioux Falls Growth Ring: From Raw Dirt to Ribbon Cutting

A developer's field guide to land development in Sioux Falls, from picking a growth corridor to zoning, utilities, and cost per buildable acre.

Downtown Sioux Falls: A Decade of Momentum
News

Downtown Sioux Falls: A Decade of Momentum

From the Steel District to the riverfront, downtown is entering its next act. What is underway, what is leasing, and where the next opportunities live.

Own commercial property?

Get a free broker opinion of value in 24 hours.

Answer four quick questions and one of our brokers will send you a valuation grounded in real Sioux Falls comps — not an automated estimate.

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Local intel

Sioux Falls market, at a glance.

Current rent and cap-rate ranges plus how deal timing moves through the year — the same numbers our brokers quote on the phone.

Sioux Falls market snapshot

Broker-tracked ranges for Sioux Falls commercial real estate, updated with each quarterly market report.

Retail asking rent
$18–$28
PSF NNN
Office asking rent
$14–$22
PSF FS
Industrial asking rent
$6.50–$9.75
PSF NNN
Retail vacancy
4.2%
metro average
Industrial vacancy
3.1%
metro average
Cap rates
6.5–8.25%
by asset class
Deal-season planner

What a Sioux Falls commercial real estate timeline looks like month by month.

Summer — peak tour and closing season

Inventory and buyer traffic both peak. Retail tenants target fall openings, so leases signed now hit holiday sales.

Sioux Falls weather
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High / Low
Wind
Precip

Planning a site walk, roof inspection, or drone shoot? Check conditions before you drive out — we schedule tours seven days a week.

Frequently asked

Answers before you call.

Still have questions? We'd rather have a conversation.

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