- Real Estate
- Food & Drink
Dec. 3, 2018
With one month left in the year, the valuation of building permits in Sioux Falls is $4 million shy of the 2017 record.
Permits through November totaled just less than $735 million. At the same time in 2017, it was $663 million. That year ended with a total of $739 million. In 2016, the total was $702 million, which also was a record.
New commercial projects, totaling $266.5 million, are helping the record pace. They are $28 million ahead of the same time last year.
New residential construction is behind 2017 valuation at $214.4 million, compared with $223.4 million for the same time last year. That represents permits for 656 new single-family homes, compared with 729 homes for the same time in 2017.
Multifamily units also are behind last year, with the city issuing permits for 928 units compared with 1,124 units.
Major projects that were issued permits in November include more than $5 million in renovations to the newly acquired Whittier Apartments and a $1.1 million build-out for Roam Kitchen + Bar, the new restaurant going into The District near The Empire Mall.
With one month left in the year, the valuation of building permits in Sioux Falls is $4 million shy of the 2017 total.