Recently, Bender Commercial analyzed the mid-year data for the office and industrial markets.  This analysis resulted in higher vacancy rates in both markets from the end of 2008.  The Sioux Falls office market had a vacancy rate of 16.07% by mid-year 2009, up from 13.51%.  The industrial market had a 4.62% vacancy rate, also up slightly from 3.24% at year-end 2008.  In an effort to educate the public on the future of the commercial real estate market, Bender Commercial's principals, Michael Bender, Doug Brockhouse and Andi Anderson have given a number of private presentations to interested parties, mostly banks and their commercial lending departments.  For more information about our Market Outlook Update, please click here or contact our office at (605) 336-7600.