User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


66° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

SF Business Friendly, Growing

February 24, 2011, 6:02 PM by Jon Wilson

SF Business Friendly, Growing
SIOUX FALLS, SD - South Dakota is known for being one of the most business friendly states in the nation. And Sioux Falls appears to have plenty of room to accommodate even more business.

Drive around Sioux Falls, and it doesn't take long to find an empty storefront.

"It's really been the excess of good years of construction and now we're having to absorb all of that on the market," Michael Bender of Bender Commercial Real Estate said.

Some of the open spaces are in brand new buildings, other properties are older. Either way it adds up. You'll find several thousand square feet of open commercial space along east 10th street alone.

But there are signs of improvement.

Last January, the city had a million square-feet of industrial property for sale. The city's absorbed half of that space, leaving plenty of room for new companies to move-in, or existing companies to expand.

"The capitol markets are starting to free-up and we're going to see more lending on commercial real-estate and I think that's going to bode well for the future," Bender said.

Another positive sign is the recent sale of one of the city's most recognizable buildings. Avera moved into vacant Midland Building late last year.

"Was a huge boost in the arm for downtown,” Bender said. “They brought 200 more jobs along into the downtown area, so that's going to benefit the restaurants and all the other retailers as well."

A small start to what could be big year for commercial real estate.

Bender also expects the Phillips to the Falls project to make a few strides and headlines in 2011.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

You may also like

Body Of Missing Realtor Found At Arrowhead Park

10/18/2014 3:22 PM

The body of a missing Sioux Falls realtor has been found.

Full Story
SFPD Search For Missing Realtor

10/18/2014 11:45 AM

The Sioux Falls Police Department is asking for the public’s help in finding a missing woman.

Full Story
UPDATE: Two People Dead In SF Crash

10/17/2014 9:52 PM

Two people are dead after a two vehicle crash on Friday night in Sioux Falls.

Full Story
Body Of Pam Kneip Found After Search

10/18/2014 10:00 PM

Hundreds of volunteers gathered by an entrance at Arrowhead Park Saturday as police conducted a search for a missing woman.  The friends, family ...

Full Story | Watch
Police Release Names In Deadly Sioux Falls Crash

10/18/2014 8:19 PM

Police say two Sioux Falls men died in a crash Friday evening in the western part of the city.

Full Story


Events