16 Sep 2025
Sioux Falls, South Dakota is one of the fastest growing cities in the midwest. This week the Radius+ team dug in to figure out why and how it was affecting the Self Storage market there.
Per an article from SDPB.com Sioux Falls, SD’s population is nearing close to a quarter million. The most populated city in the state has also issued over 6,000 building permits, estimating over $1 Billion dollars in construction value.
Self Storage developers must have seen the grown ahead of time as historically this market has seen significant supply added in 2022 and 2023
However, negligible new supply has been delivered in 2024 and 2025 as well as very little projects in the development pipeline signaling that despite the economic growth in the area- demand still needs to catch up to the new supply.
