Recent Activity In The Leasing Market

Wednesday, January 20 2016

Recent Activity In The Leasing Market

Recent activity in the Sioux Falls office leasing market indicates we are experiencing a robust and growing economy in both the CBD and southern office markets.  With climbing rental rates and decreases in vacancy, these specific sub-sectors (CBD and southern) are in expansion mode. I predict you will see some additional office (some speculative) construction in southern Sioux Falls in 2016. 

Here are a few recent Bender Commercial transactions:
Downtown/CBD:
JLG Architects leased 3,300 SF in the Best Building
Pepper Entertainment leased nearly 2,000 SF in Shriver Square
Lemonly leased 3,300 SF in the Best Building

Southern Sioux Falls:
American Bank & Trust leased nearly 5,000 SF in the Pinnacle Building
EPS Law Firm sub-leased nearly 2,400 SF in the Professional Center on Louise
PAI recently expanded in to an additional 3,500 SF in the Tech II Building.
ReliaBank leased nearly 3,800 SF in Yankton Trail
EDCO Healthcare leased nearly 12,000 SF in the Great Plains Dental Building.

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