Summary
In 2025, the retail property market in Rapid City and the broader Black Hills region of South Dakota is experiencing significant growth, driven by a combination of population increases, economic development, and strategic investments.
As Rapid City and the Black Hills region continue to grow, the retail property market is poised for further expansion. Ongoing infrastructure improvements, such as those associated with the B-21 mission at Ellsworth Air Force Base, are expected to attract additional residents and businesses, reinforcing the area’s economic momentum.
For a full analysis of market trends and local vacancy rates, please see the attached report as provided by CoStar.
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