The number of available apartments in Sioux Falls saw a significant decrease through midyear, and rents showed some increases.
A semiannual report issued by the South Dakota Multi-Housing Association showed a 5.43 percent vacancy in market rate apartment units in July, down from 10.14 percent in January.
“This data highlights the continued strength of the Sioux Falls rental market,” Jeff Brooks, chair of SDMHA, said in a statement. “It also underscores the importance of ongoing development to keep pace with population growth and housing demand.”…