make it downtown

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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

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Make It Downtown

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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

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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