2023 Mid-Year Market Outlook
2023 Market Outlook
In the 26th annual Market Outlook the team from Bender Commercial identifies the complex macro and micro trends influencing the Sioux Falls commercial real estate market. Inflation, conflicting economic signals, Sioux Falls construction trends, inflation, employment, population growth, and the money supply are explored and applied to future trends.
Our local data set includes vacancy, absorption, and transaction data in land, office, retail, industrial, and investment properties. The Market Outlook showcases Bender Commercial’s commitment to helping clients make informed, data-dependent decisions in their commercial real estate transactions.
2022 Mid-Year Market Outlook
Inflation is nearing a 40 year high, bulk land is continuing to see demand, and Class A office space is in the driver’s seat. So far, there is steady growth for retail, borrowing costs are rising, and the industrial market is seeing double digit rental growth to keep up with material, labor, and construction costs. Overall, we expect another strong finish in 2022.
2022 Market Outlook
2021 was a banner year with a high number of bank deposits, over 2,000 acres of land sold, future additions to downtown, and over 3 million square feet of industrial construction.
We anticipate a strong year in 2022 with a lot of success, but not as strong as in 2021 as interest rates continue to rise, supply chain concerns linger, and construction costs remain high. Despite those challenges, we’re anticipating a terrific year with significant population growth!
2021 Mid-Year Market Outlook
2021 was known as the “record-breaking year”. From COVID-19 shutdowns to construction projects already exceeding $490 million to families and companies moving to the Sioux Falls area.
The Bender team is looking forward to the next coming years as it will be an enjoyable and prosperous time for the Sioux Falls market. See what we’re predicting for 2022 land, retail, office, industrial, and investment segments of the market. Hang on tight, it’s going to be a wild ride. Download the report below.
2021 Market Outlook
2020 was a year unlike any other. The COVID-19 pandemic’s far-reaching effects forced many to socially distance, work from home and change how we buy things. Naturally, those impacts made their way to the Sioux Falls commercial real estate markets too.
The Bender team took a deep dive into the statistics to see how the Sioux Falls economy responded to these challenges, the national trends that may find their way to our local community and what lies ahead for the land, office, retail, industrial and investment markets in 2021.
2020 Mid-Year Market Outlook
No one could have predicted the dramatic impact of COVID-19 on the Sioux Falls commercial real estate market in the first half of 2020.
With a plethora of new information since our February Market Outlook report, the brokers from Bender Commercial review how the Sioux Falls market responded to the pandemic and predict how its lingering effects will play out in the coming months in the Mid-2020 Market Outlook Report. Download the report below.
2020 Market Outlook
Big changes in the retail market on 41st Street, a “monster year” in the investment market, and rail making a return in the industrial market.
The Bender team is back to analyze national economic trends and review what happened in each sector of the Sioux Falls market in the 23rd annual Market Outlook. Hear what lies ahead for the land, office, retail, industrial, and investment markets in 2020.
2019 Mid-Year Market Outlook
Between hypersupply, record breaking building permits, and Toby Keith lyrics, the brokers from Bender Commercial have analyzed the data and updated where we believe each sector of the real estate market is at in the Mid-2019 Market Outlook Report. Read what factors have influenced the Sioux Falls market in 2019 and what you should expect in the second half of the year. Download the report below.
2019 Market Outlook
In 2018 we saw the “Triple H Effect” in the land market, a horseshoe trend in the retail market, and “A Tale of Two Property Types” in the industrial market.
See what other trends the Bender Commercial team pulled from the data in the 22nd Annual Market Outlook to get a sense of what the Sioux Falls economy did in 2018 and what we predict it will do in 2019.
2018 Mid-Year Market Outlook
From zombie retail to e-commerce, our brokers predicted plenty of changes in the Sioux Falls commercial real estate market at the 2018 Market Outlook. We’re excited to release our 2018 Mid-Year Market Report to see where we were right, where we were wrong, and where the Sioux Falls, South Dakota, and the Upper Midwest markets are heading. Download the report below.
2018 Market Outlook
Bender Commercial returned to the Belbas Theater at the Washington Pavilion to present the trends we saw across the commercial real estate market in 2017.
See what we’re predicting for the 2018 land, retail, office, industrial, and investment segments of the market. Download our slides to follow along with our presentation to make your own predictions.
2017 Market Outlook
Bender Commercial was excited to present our 20th Annual Market Outlook to the Sioux Falls business and community leaders in the Mary W. Sommervold Hall at the Washington Pavilion. The presentation discussed the last 20 years in the commercial real estate market as well as future trends we expect to see nationally and locally in the land, retail, office, industrial and investment segments of the market
2016 Market Outlook
Join Michael Bender, Andi Anderson, Rob Fagnan, Reggie Kuipers, and Nick Gustafson as they present what the robust 2015 Sioux Falls economy did in this year’s Market Outlook. Can the land, retail, office, industrial, and investment market segments keep pace with the record year? Download the slides and listen to the presentation to see what we predict for 2016.