Real Estate and Rental and Leasing
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Real Estate and Rental and Leasing
Employment Growth
South Dakota:
2010-2022 = 5.15%
2022 = 10.84%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real estate and rental and leasing employment growth across all of South Dakota's 66 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this South Dakota Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real estate and rental and leasing employment growth of South Dakota's 66 counties over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Page 2 of 9
Real Estate and Rental and Leasing
Employment Growth
County vs Statewide Average: 2010-2022 and 2022
Real Estate and Rental and Leasing
Employment Growth
South Dakota:
2010-2022 = 5.15%
2022 = 10.84%
This figure displays the 66 counties of South Dakota as dots on a scattergram, with the vertical axis representing the average annual real estate and rental and leasing employment growth rate over the long-term period (2010-2022), and the horizontal axis representing the real estate and rental and leasing employment growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real estate and rental and leasing employment growth exceeded the statewide average of 5.15%, by portraying them in the top two quadrants demarcated at 5.15% on the vertical axis. County whose long-term average annual real estate and rental and leasing employment growth rate trailed the statewide average (5.15%) are distributed in the bottom two quadrants. In all, 13 counties surpassed the statewide average over 2010-2022, while 13 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 14 counties whose most recent (2022) real estate and rental and leasing employment growth rate exceeded the statewide average (10.84%). The two quadrants on the left feature those 12 counties whose real estate and rental and leasing employment growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 66 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 5.15% over 2010-2022 and 10.84% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real estate and rental and leasing employment growth rate surpassed the statewide average both long-term (5.15%) and near-term (10.84%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real estate and rental and leasing employment growth rate exceeded the statewide average (5.15%), but whose near-term growth has "slipped" by falling below the South Dakota average (10.84%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real estate and rental and leasing employment growth rate fell below the statewide average (5.15%), but whose near-term growth has "gained" by registering above the average (10.84%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real estate and rental and leasing employment growth rate fell under the statewide average both long-term (5.15%) and near-term (10.84%).
   
 
Summary of South Dakota's 66 County Totals
 
Short Term Average
 
 
Below
(10.84%)
Above
(10.84%)
 
Long
Term
Average
Above
(5.15%)
5
8
13
Below
(5.15%)
7
6
13
 
12
14
26
 
   
Page 3 of 9
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
South Dakota:
2010-2022 = 5.15%
2022 = 10.84%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the South Dakota counties classified as Leading. These counties surpassed South Dakota's average annual real estate and rental and leasing employment growth both long-term (2010-2022 = 5.15%) as well as near-term (2022 = 10.84%). Each is identified by its corresponding ranking based on it's average annual real estate and rental and leasing employment growth rate over 2010-2022.
Of South Dakota's 66 counties, just 8 (12%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Page 4 of 9
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
South Dakota:
2010-2022 = 5.15%
2022 = 10.84%
This figure depicts the distribution of the 5 South Dakota counties classified as Slipping (top-left quadrant), in that their long-term average annual real estate and rental and leasing employment growth rate outpaced the average statewide (2010-2022 = 5.15%), while they trailed the statewide average near-term (2022 = 10.84%). Again, each county is identified by it's corresponding ranking based on its average annual real estate and rental and leasing employment growth rate over 2010-2022.
Only 5 (8%) of South Dakota's 66 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Page 5 of 9
Gaining Counties
2022 vs. 2010-2022 Averages
Gaining Counties
white dot
South Dakota:
2010-2022 = 5.15%
2022 = 10.84%
This figure shows the distribution of the 6 South Dakota counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real estate and rental and leasing employment growth rate posted below the average statewide (2010-2022 = 5.15%), while they outpaced South Dakota's average near-term (2022 = 10.84%). Again, each county is identified by its corresponding ranking based on its average annual real estate and rental and leasing employment growth rate over 2010-2022.
Of South Dakota's 66 counties, only 9% (6) are featured as Gaining (). Those counties ranked by their long-term average include:
Page 6 of 9
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
South Dakota:
2010-2022 = 5.15%
2022 = 10.84%
This figure depicts the distributions of the 7 South Dakota counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real estate and rental and leasing employment growth both long-term (2010-2022 = 5.15%) as well as near-term (2022 = 10.84%). Again, each county is identified by its corresponding ranking based on it's average annual real estate and rental and leasing employment growth rate over 2010-2022.
11% of South Dakota's counties, 7 of 66, are characterized here as Lagging (). Those counties ranked by their long-term average include:
Page 7 of 9
   
 
South Dakota
Real Estate and Rental and Leasing Employment Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
11
6.27
 
13
11.83
501
 
1
12.74
 
6
12.50
81
 
2
11.86
 
6
12.50
81
 
9
6.51
 
18
11.40
1,808
 
4
8.50
 
20
11.30
3,358
 
7
6.66
 
17
11.43
195
 
5
7.92
 
15
11.67
67
 
6
6.93
 
19
11.34
275
Slipping Counties
 
10
6.40
 
35
9.53
1,149
 
13
5.28
 
27
10.69
1,812
 
3
11.85
 
29
10.58
115
 
12
5.80
 
32
9.90
1,010
 
8
6.54
 
30
10.10
883
Gaining Counties
 
25
3.50
 
14
11.67
354
 
14
5.14
 
24
11.12
1,139
 
18
4.27
 
4
13.29
162
 
24
3.58
 
1
15.79
22
 
16
5.10
 
23
11.19
308
 
21
4.09
 
22
11.22
8,730
Lagging Counties
 
20
4.18
 
33
9.79
426
 
17
4.55
 
38
8.14
93
 
15
5.13
 
28
10.63
822
 
23
3.93
 
34
9.70
927
 
22
4.09
 
31
9.92
5,154
 
26
2.65
 
37
8.62
126
 
19
4.22
 
36
9.34
761
Undefined/Suppressed Counties
 
U
U
 
6
12.50
81
 
U
U
 
6
12.50
27
 
U
U
 
S
S
S
 
U
U
 
3
14.29
8
 
U
U
 
5
13.00
313
 
U
U
 
S
S
S
 
U
U
 
25
11.01
242
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
21
11.29
207
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
16
11.49
262
 
U
U
 
12
12.20
230
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
26
10.92
132
 
U
U
 
S
S
S
 
U
U
 
6
12.50
27
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
1
15.79
22
 
U
U
 
S
S
56
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
6
12.50
54
 
U
U
 
S
S
S
 
U
U
 
S
S
140
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
5.15
 
10.84
34,837
 
 
 
 
 
 
 
 
 
3.63
 
10.26
11,832,200
November 2023
REAP_PI_CA1500N_511100_LSGL
 
   
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