SiouxFalls.Business Report: Spike in apartment vacancies expected, new businesses coming to Empire Place [Video]

SIOUX FALLS, S.D. (Dakota News Now) – Jodi Schwan with SiouxFalls.Business visited to discuss trends in apartment vacancies, as well as an old-fashioned candy and soda shop Rocket Fizz and Snooze Mattress Company coming to Empire Place.

Starting with apartments in the Sioux Falls area, a spike in vacancy might be coming, but it hasn’t quite arrived yet.

Twice a year we get a look at vacancies in the market, and as of the end of July, it hadn’t really moved. We went from just under 6 percent vacancy at the start of the year to just over it now.

Still, that’s what many would consider a healthy market. Two things are likely at play – the Sioux Falls area population is continuing to grow, and many people start by living in apartments.

And the housing market has made buying challenging for many, whether that’s finding what they’re looking for or …