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Wells Fargo Business Banking Presentation

October 22, 2009 - Michael Bender and Doug Brockhouse spoke with over 60 of Wells Fargo's Business Banking lenders and their clients about the current conditions of the Sioux Falls commercial real estate market.  Their main focus was to describe the conditions of the first six months of 2009 and what has happened since.  For instance, the industrial market experienced a surge of space being put on the market in the first half of 2009.  In the last three months, this surge has slowed.  As Doug explained, this surge was caused by less healthy businesses closing during the difficult economic periods and putting their space on the market.  The remaining businesses are healthier thus slowing this surge.  Other presenters at this meeting included a representative from the Fraud Division of the Sioux Falls Police Department.

 
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