Record-breaking building permit numbers released by city
Building permits in Sioux Falls have exploded to a record-high $1.72 billion, according to data from the City of Sioux Falls.
That's thanks to a 58% increase in the number of building permits and is much higher compared to last year's numbers at the same point ($868 million).
Of the record-high number, more than $1.08 billion have come from new commercial additions.
Hot off the press, our YTD building numbers are 🔥. Even with inflationary factors, we continue to #KeepSiouxFallsInvestible for businesses. pic.twitter.com/KbKp0VWUfP
— Paul TenHaken (@paultenhaken) October 3, 2022
New commercial projects include manufacturing, offices, apartments, strip malls, hotels, restaurants and more. Building permits for apartments have reached $470.8 million, higher than last year's total of $203.1 million, according to data from the City of Sioux Falls.
Another high increase came from strip malls, hotels and restaurants, which totals $301.5 million, compared to last year's numbers of $25.5 million.
New residential permits were up 56% from last year, with 3,255 of those coming from multiple-family units, 346 townhome units and 593 single-family units. There have been no duplex units added, down from four compared to last year.
A look at the numbers
New residential: $216.6 million (down from $246.5 million)
Residential addition & remodel: $106.8 million (up from $55.4 million)
New commercial: $1.08 billion (up from $330.8 million)
Commercial addition and remodel: $315.4 million (up from $235.6 million)
This article originally appeared on Sioux Falls Argus Leader: Record-breaking building permit numbers released by city