City of Sioux Falls Planning and Development Services
2022 Year-End Building Permits Report
The following are permit statistics for 2022 with comparison to previous years. In August, the total valuation of permits passed the previous year’s record of $1.1 billion dollars. This has been an unprecedented year for permit valuation.
Chief Building Official
Last year, 11,171 building permits were issued in Sioux Falls. This was a dramatic increase over the last couple of years which was caused mainly by an influx of shingle permits like what happened in the years of 2014-15.
Total Construction Valuation
The construction valuation in 2022 totaled $1,930,003,807, a new record for Sioux Falls. This increase is much more than just inflation, this is growth. Considering the challenges with the increase in the cost of materials and a labor shortage in 2022, this speaks volumes for the City of Sioux Falls.
- 74.8 percent increase from 2021 ($1,104,252,391)
- 109.9 percent increase from 2020 ($919,602,112)
- 150.2 percent increase from 2018 ($771,507,597)
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.
Sioux Falls added 636 new single-family dwellings in 2022. This is a decrease of 214 single family dwelling units from 2021 however this is still a good average compared to other years.
- 25.2 percent decrease from 2021 (850 units)
- 14.3 percent decrease from 2020 (742 units)
- 0.2 percent increase from 2019 (635 units)
The number of new single-family dwellings had increased dramatically the past two years. This year there was a slight pull back more in line with what the average has been over the last 10 years.
In 2022, the dollar value for all new single-family homes decreased to $163,232,144, compared to 2021’s $215,663,096 (a decrease of 24.31 percent). The average dollar value per home is $256,654, based on this valuation. The average square footage per home this year was 1482 square feet, a decrease from 2021’s 1,511 square feet.
Sioux Falls had 405 permits issued for town house units in 2022, which is slightly down from the 457 permits issued in 2021. This is in the ballpark of what the average has been the last few years.
- 11.38 percent decrease from 2021 (457 units issued)
- 3.32 percent increase from 2020 (392 units issued)
- 11.57 percent increase from 2019 (363 units issued)
An average valuation for a town house in Sioux Falls in 2022 is $191,651, while the average floor plan size decreased in 2022 to 1,127 compared to the 1,151 square feet in 2021.
Multifamily housing includes non-transient housing such as apartments, independent living centers, congregate living facilities, and condominiums. The number of permits issued was staggering in 2022 with a record of 3,343 dwelling units issued. This smashed the record of 1,821 dwelling units in 2021 for this type of residential unit.
- 83.58 percent increase from 2021 (1,821units)
- 112.79 percent increase from 2020 (1,571 units issued)
- 419.91 percent increase from 2019 (945 643 units issued)
Top Apartment Projects
The following are the top 15 apartment building projects in value for 2022:
|Project Name||Valuation||Developer Name||Number of Units|
|Powderhouse Apartments||$51,792,816||Eagle Construction||425 units|
|Cherapa IV||$45,316,000||Journey Group Companies||109 units|
|Sage Meadow Apartments||$42,967,988||Paradigm Construction Inc.||266 units|
|Cherapa III||$37,699,855||Journey Group Companies||124 units|
|Millstone Apartments||$31,650,458||Enclave Construction LLC||287 units|
|Stadium Crossing Apartments||$27,774,626||Signature Companies LLC||258 units|
|Sioux Steel Parking Ramp||$20,995,662||Lloyd Construction Company||97 units|
|The Boundary – Phase I||$19,269,240||Lloyd Construction Company||188 units|
|The Croft at Harvest Creek||$18,062,678||Empire Co Commercial||130 units|
|Parkwood Apartments||$17,521,259||Ronco Construction||133 units|
|The Blu @ Lake Lorraine||$17,000,000||Veldhouse Construction Inc.||128 units|
|Willows Edge Commons – II||$16,849,045||Signature Companies LLC||116 units|
|The Marq Apartments||$16,561,726||Lloyd Construction Company||164 units|
|The Brixx – Phase II||$15,457,107||Paradigm Construction LLC||138 units|
|85th & Brett Multi-Family Apts.||$14,709,636||Lloyd Construction Company||131 units|
Cumulative Number of Dwelling Units
The total for 2022 was 4,384 dwelling units and represents a record year. This is quite amazing considering last year was a record year as well.
- 39.97 percent increase from 2021 (3,132 total dwelling units constructed)
- 61.35 percent increase from 2020 (2,717 total dwelling units constructed)
- 166.99 percent increase from 2019 (1,642 total dwelling units constructed)
The cumulative number of dwelling units consists of single-family dwellings, duplexes, town houses, and multifamily dwellings.
There were 268 building permits issued for new commercial buildings, which consisted of 154 new apartment buildings and 114 permits for other new business construction. The total valuation for new commercial buildings in 2022 was $1.215 billion, which was over what the total valuation of all building permits were in 2021.
In 2022, commercial construction in Sioux Falls included:
- $113.2 million for manufacturing
- $484.3 million for apartments
- $232.8 million for office, educational, and institutional occupancies
- $385.0 million for all other commercial buildings (e.g., strip malls, hotels, and restaurants)
The total construction valuation for commercial additions, renovations, and remodels in 2022 was $340 million which is an increase of $74 million from 2021.
- 123.91 percent increase from 2021 ($266.0 million)
- 67.51 percent increase from 2020 ($118.8 million)
- 25.83 percent increase from 2019 ($158.8 million)
There were 73 commercial projects including apartments permitted in 2022 with a construction valuation of $3 million or more, with 18 projects exceeding $20 million and 11 projects with a construction valuation of $40 million or more. The top 15 commercial projects ranked by value are:
|Project Name||Valuation||Developer Name|
|City of Sioux Falls – Water Reclamation Facility||$170,511,331||McCarthy Building Companies, Inc|
|Sanford Medical Center – Surgical Tower||$90,065,350||Henry Carlson Construction LLC|
|Sioux Falls Reginal Airport – Parking Ramp||$62,648,902||Henry Carlson Construction LLC|
|Augustana University – Midco Ice Arena||$60,000,000||Clark Construction Group|
|Cherapa II||$49,521,680||Journey Group Companies|
|Canopy By Hilton||$46,960,000||Lloyd Construction Company|
|Cherapa IV||$45,316,000||Journey Group Companies|
|Alloy 1 Storage Warehouse||$45,000,000||Valor Contracting|
|Powderhaus Apartment||$43,897,442||Eagle Construction|
|Sage Meadow Apartments & Townhomes||$42,967,988||Paradigm Construction LLC|
|Sanford Medical Center – Parking Ramp & Office||$41,000,000||Henry Carlson Construction LLC|
|Cherapa III||$37,699,855||Journey Group Companies|
|Millstone Apartments||$32,892,314||Enclave Construction|
|Harrisburg 9th Grade Academy||$29,100,000||Hoogendoorn Construction Inc|
|Steel District Office Tower||$28,884,000||Lloyd Construction Company|
Building Permit Reports
- 3 year comparison thru January 2023
- Apartment Projects thru January 2023
- Top Projects thru January 2023
- 2022 Apartments Projects
- 2021 Apartment Projects
- 2020 Apartment Projects
- 2019 Apartment Projects
- 2018 Apartment Projects
- 2017 Apartment Projects
- 2016 Apartment Projects
- 2015 Apartment Projects
- 2022 Top Value Projects
- 2021 Top Value Projects
- 2020 Top Value Projects
- 2019 Top Value Projects
- 2018 Top Value Projects
- 2017 Top Value Projects
- 2016 Top Value Permits
- 2015 Top Value Permits
- 2020-2022 Previous 3 Year Comparisons
- 2019-2021 Previous 3 Year Comparison
- 2017-2019 Previous 3 Year Comparison
- 2014-2017 Previous 4 Year Comparison
- 2013-2015 Previous 3 Year Comparison