With more than 2,000 units of net completions through September, Sioux Falls, the largest city and economic hub of South Dakota, has already registered a record-setting year of multifamily supply, outpacing the previous record set in 2021 by over 20%.
Record Multifamily Supply Drives Vacancy to All-Time High in Sioux Falls, South Dakota
Historically Restrained Supply and Robust Population Growth Suggest Cyclical Headwinds Only Temporary
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