- Real Estate
- Food & Drink
Oct. 1, 2019
Building permits in the city of Sioux Falls are almost $100 million less in valuation than they were through the first three quarters of 2018.
Permits totaled $541.5 million through September, down from $633.2 million during the first nine months of 2018. They’re slightly behind the $553.3 million in permits issued during the same time in 2017.
Most of the gap is from a decrease in commercial building activity. New commercial projects at $205.4 million are $34 million behind last year. Commercial additions and remodeling projects at $120.2 million are $60 million behind last year.
The largest projects to receive permits in September were for building out shell space at Sanford Research at $1.5 million and for a new Gimme-a-Break child care business in the Dawley Farm Village development at $1.25 million. Dave & Buster’s also brought in a $1.2 million permit for the beginning of its new location at Lake Lorraine.
Residential construction is holding similar to last year in valuation with $166 million in permits through September, or $10 million less than a year ago. Permits have been issued for 487 single-family homes, compared with 555 for the same time last year.
There’s been a big drop in the number of multifamily units at 417 compared with 831 last year.
Residential remodeling is ahead of last year at $49.9 million compared with $38.2 million.
Building permits are almost $100 million less in valuation than they were through the first three quarters of 2018.