Multifamily occupancy trends down some with more construction ahead
Vacancy in the Sioux Falls multifamily market ticked up some to start the year, but there still are some large new projects in the leasing pipeline.
Vacancy in the Sioux Falls multifamily market ticked up some to start the year, but there still are some large new projects in the leasing pipeline.
The number of available apartments in Sioux Falls saw a significant decrease through midyear, and rents showed some increases.
Here’s a look at this week’s Movers & Shakers.
Here’s a look at this week’s Movers & Shakers.
To start the year, there are more available apartments and more competitive pricing in the Sioux Falls market.
Sioux Falls has added thousands of new apartments in recent years — but while occupancy is fairly steady, managers are starting to entice residents with deals.
The apartments were built but are they filling up? And what about rents? We have some insight thanks to this biannual look at occupancy.
Record multifamily construction years are starting to make a dent in the market’s occupancy, and more could be coming.
Despite more than 3,000 apartments being added last year to Sioux Falls, the overall market vacancy hasn’t budged much.
Here’s a look at this week’s Movers & Shakers.