Multifamily occupancy trends down some with more construction ahead

Vacancy in the Sioux Falls multifamily market ticked up to start the year.

A semiannual report from the South Dakota Multi-House Association found that the overall vacancy increased to 6.62 percent in January from 5.68 percent in the previous reporting period, representing 954 vacant units across surveyed properties.

A total of 14,409 units responded to the survey this cycle…

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