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.


50° 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 Economic Report: Improvement Ahead

February 23, 2010, 5:51 PM by Brian Kushida

SF Economic Report: Improvement Ahead
SIOUX FALLS, SD - Nearly 300 people from the Sioux Falls community gathered together Tuesday to find out what's in store for the city's economy this year.  It's part of Bender Commercial Real Estate's 13th Annual Market Outlook held at Washington Pavilion.  While the economy is expected to improve, it will still have its challenges in 2010.

Michael Bender hopes to show business and community leaders what's in store for the Sioux Falls economy this year.

"There's going to be some surprises that people are going to see," Bender said.

He's optimistic that the local economy will improve, but getting there will be an uphill battle.

"With the exception of industrial, all the major commercial real estate markets are down this year: multi-family, office, retail and land," Bender said.

Bender says the commercial real estate market is struggling, partly, because lending is tight at the national level.

Meanwhile, spaces are still sitting vacant. And smaller growth means fewer job opportunities.

"You're still going to see some job losses, the first half of 2010. The construction market is much slower, even though it's a great time to be building," Bender said.

But Bender says job opportunities will start picking up in second half of 2010 as market confidence increases and more building permits are issued.

"We're not going to be seeing any big upturns. It'll be gradual, it'll be steady. We're in the right place," Doug Brockhouse with Bender Commercial Real Estate said.

A place that many are hoping to improve upon.

Bender says multi-family buildings are at the highest vacancy rate in several years because many people are becoming homeowners.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

You may also like

Woman Killed In Sioux Falls Home

4/16/2014 6:01 PM

Sioux Falls police are investigating a murder in the southwest part of the city.

Full Story
SF Murder Victim Stabbed, Suspect Got Pills

4/17/2014 10:12 AM

Sioux Falls Police have released the names of the suspect and victim in the city's second homicide of 2014.

Full Story
Missing Girls Case Update On Tuesday

4/15/2014 7:15 AM

Authorities plan to release an update on the investigation into the 1971 disappearance of two South Dakota girls.

Full Story
Remains Found In Car Are Missing Girls

4/15/2014 1:39 PM

After more than 40 years, the families of two missing teenage girls now know what happened to them.

Full Story
Evidence From Car Led Authorities To Cold Case Conclusion

4/16/2014 11:35 AM

A more than 40-year-old cold case has been closed after South Dakota authorities announced on Tuesday the remains found in an old Studebaker submerged...

Full Story


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED