Sioux Falls sets annual construction record at $1.9B

Sioux Falls fell short of breaking the $2 billion mark for construction in 2022 but still had a record year.

Building permit valuation reached $1,930,003,807, a 75 percent increase from 2021. At $1.1 billion, that was the city’s previous record and the first time it had passed the billion-dollar mark.

Last year, the city topped the billion-dollar mark in the first eight months.

On Thursday, city officials also noted that Sioux Falls added an estimated 6,284 residents last year, bringing the estimated population total to 208,884. Population growth was slightly lower than 2021, which saw a record 6,750 people move to Sioux Falls.

“Sioux Falls experienced another historic year of growth in 2022, and the city continues to be a place where businesses and residents want to invest,” Mayor Paul TenHaken said in a news release. “As we look to the year ahead, we’ll remain focused on providing all residents a safe community and prioritizing quality of life investments to remain a place where families want to live, work and play.”

The top 15 construction projects by value ranged from $170.5 million to $28.9 million.

Here’s a look at the top 15 projects:

1. City of Sioux Falls water reclamation facility: $170.5 million
2. Sanford USD Medical Center, surgical tower: $90.1 million
3. Sioux Falls Regional Airport, parking ramp: $62.6 million
4. Augustana University, Midco Arena: $60 million
5. Cherapa II: $49.5 million
6. Canopy by Hilton: $47 million
7. Cherapa IV: $45.3 million
8. Alloy 1 storage warehouse: $45 million
9. PowderHaus Apartments: $43.9 million
10. Sage Meadows apartments and town homes: $43 million
11. Sanford USD Medical Center, parking ramp and office: $41 million
12. Cherapa III: $37.7 million
13. Millstone Apartments: $32.9 million
14. Harrisburg Freshman Academy: $29.1 million
15. The Steel District office tower: $28.9 million

For residential construction, the issued a record number of permits for multifamily housing units at 3,343, an 84 percent increase from the previous year.

“Last year showed our public and private partners’ commitment to keeping pace and momentum going with the growth of Sioux Falls as evidenced by the type of projects happening from major  public infrastructure improvements to private development downtown and multifamily units,” said Jeff Eckhoff, the city’s director of planning and development services. “Public-private collaboration will continue to be important as we anticipate and address our growing community’s needs.”