News & Insights

KW Newsletter December 2023

KW Newsletter December 2023

Season’s Greetings from Rapid City Commercial! The holidays are upon us, and we are so thankful to our clients and partnerships that have made 2023 another record year for our team. While it is easy to get caught up in the challenges that the current market presents, we realize how blessed we are to have the community and relationships to keep moving the region forward. We continue to focus on the exciting new developments taking shape in our area and want to make sure we keep our clients updated on not only current trends but what we see over the next two to three years.

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KW Newsletter August 2023

KW Newsletter August 2023

2023 has been a year of change both locally and nationally but that continues to remind us how blessed we are to live and do business in the state of South Dakota. Our team has been extremely busy despite the changes as we continue to see an influx of people moving here to expand their current business or open in a new market.

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KW Newsletter March 2023

KW Newsletter March 2023

You’ll note in the year end 2022 statistics graphic that the number of transactions dropped 29% from 2021, and overall volume was down 12%. This is where statistics can be misleading. Like most businesses, 2021 was an anomaly on many levels.

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KW Newsletter August 2022

KW Newsletter August 2022

As the summer season is coming to close, we’ve had numerous conversations with investors, business owners and regional brokers and the feedback is consistent, fundamentals are trending down from the highs of 2021, but still ahead of pre-pandemic numbers. It’s safe to say that Rapid City’s market is stabilizing but the growth trends are still evident across the board.

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KW Newsletter March 2022

KW Newsletter March 2022

We might sound like a broken record, but Rapid City’s real estate market just continues to break records – record sales, shortest days on market, building permits issued and lowest inventory in recent history. Rapid City is booming.

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