make it downtown
DESCRIPTION
Make It DowntownTRANSCRIPT
LIVING, WORKING, & PLAYING.
A THRIVING MARKET FOR YOUR BUSINESS
in a top-ranked environment for
Anchored by substantial community investment in the arts including the Wash-
ington Pavilion and SculptureWalk, civic assets including the Old Courthouse
Museum and renovated library, and coupled with amenities like Falls Park and
the River Greenway improvements, downtown attracts significant visitor traffic
and spending potential.
Downtown Sioux Falls offers a superior business location in one of the nation’s
top-ranked places to live and work. The historic buildings in this vibrant district
are home to award winning restaurants, contemporary businesses, and urban
residents.
Best Small Place for Business & Careers nine out of the last 10 years-Forbes Magazine
165,974
City of Sioux Falls
Population 1
243,721
Sioux Falls MSA* Population 2
*Metropolitan Statistical Area
City of Sioux Falls Average Household
Income 4
$66,469
15,000
Downtown Employees 6
Downtown Sioux Falls
Median Age 3
33
$900 - $1200
Downtown Sioux Falls Average Rental Rate 8
Downtown Resident
Populations 5
2,219
CITY OF SIOUX FALLSMARKET DATA
DOWNTOWN DEVELOPMENT PROJECTS
■ Hilton Garden Inn
■ Uptown Exchange Lofts
■ State Theatre Renovation
■ Raven Industries
■ CNA
■ Railroad Redevelopment
■ Greenway Phase I
■ Greenway Phase II
■ Holiday Inn Renovation
■ The Residence
■ 2nd Ave Street Improvements
■ 8th Street Reconstruction Main to Minnesota
■ Phillips Ave Lofts
■ YMCA Renovation
■ The Plaza
#2 State Business Tax Climate-Small Business & Entrepreneurship Council 2013
DOWNTOWN PARKING 9
5 parking ramps and 15 surface parking lots for tenants, guests and visitors
Rates range from .60-.75/hr
3,937 street metered parking spaces
2011 TRAFFIC COUNTS
Daily Weekly
8th Street: 6,800 47,600
10th Street: 9,400 65,800
11th Street: 10,900 76,300
14th Street: 18,300 128,100
ACCESS10
Sioux Falls is conveniently located in the southeastern corner of South Dakota with easy access to I-90, I-29 and I-229. Downtown is about 5 miles/10 minute drive from Sioux Falls Regional Airport which offers nonstop flights to Chicago, Dallas, Detroit, Denver, Minneapolis, Orlando, Las Vegas, Los Angeles and Phoenix.
2012 PEDESTRIAN TRAFFIC COUNTS
Time Daily Weekly
Uptown District 11am-3pm 582 4,074
Eastbank District 11am-3pm 1,123 7,861
Downtown Core 11am-3pm 1,575 11,025
#1 State for Business -CNBC 2013
RETAIL SALESAs the largest retail center between Denver and
the Twin Cities, Sioux Falls offers the consumer
a vast selection of goods with thousands of
retail stores scattered throughout the metro area.
Employing approximately 12% of the metro
labor force, the retail sector has a primary market
area of 565,000 consumers. Sioux Falls ranks
188th out of 366 metro areas in terms of population.
Per-household retail sales for 2010 were $78,000 11
Highly educated, with active lifestyle
Enjoy exercise (gym, yoga, outdoors)
Travel frequently
Eat out often
High internet, electronics and cell phone usage
Leisure activities include attending live music, theatres, museums, sports and outdoor activities, volunteering and community organizations
DOWNTOWN CUSTOMERS
#1 Entrepreneurial Growth, -Fast Company Magazine 2013
Additional traffic generators for downtown: • 2 Farmers Market located at 8th & Railroad Center and Falls Park. • St. Patrick’s Day Parade • Germanfest
MAJOR DOWNTOWN DESTINATIONS & EVENTS
Falls Park:513,000 visitors annually 13
Hot Summer Nites: 7,000 attendees annually 14
Washington Pavilion: 282,022 visitors annually 15
ScultureWalk: 200,000 visitors annually 16
Old Courthouse Museum:
41,591 visitors annually 17
Orphuem Theatre: 43,095 18
Parade of Lights: 7,000 attendees annually 19
Sidewalk Arts Festival: 48,000 12
by: Chris Reistroffer
by: C
hris
Reistr
offer
by: Drew
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#1 Personal Income Growth, US Bureau of Economic Analysis 2013
FOOTNOTES
1 2014 Sioux Falls Downtown Market Study2 2014 Sioux Falls Downtown Market Study3 2014 Sioux Falls Downtown Market Study4 Sioux Falls Downtown Market Study5 Sioux Falls Downtown Market Study6 Sioux Falls Downtown Market Study7 Sioux Falls Downtown Market Study8 Downtown Sioux Falls, Inc.9 City of Sioux Fall Public Parking Facilities Annual Report10 City of Sioux Falls Public Works Division
11 Sioux Falls Development Foundation12 2010 Washington Pavilion Annual Report 13 Sioux Falls Convention & Visitors Bureau14 Downtown Sioux Falls15 2010 Washington Pavilion Annual Report16 SculptureWalk Board of Directors17 Old Courthouse Museum Staff18 2011 Orphuem Annual Report19 Downtown Sioux Falls
THIS PUBLICATION IS SUPPORTED IN PART BY:
7-22-14