August 24, 2026—9-10---It’s YOUR Business---Show 53-11

((((From the Blackburn Studios---in Downtown Sioux Falls—Become a Blackburn Protected Home----Show 53-11

(((YEE HAH---)))

   I’m Bill Zortman and Welcome to It’s YOUR Business---Show 53-11 in our ORIGINAL IT’s YOUR Business Series.

   Lots of activities were going on around our listening area last week---and a new circle of events this week---the last full week of August-----

   Brenda Dreyer—((605-290-8223)-joins us this morning----in the 9-10 and

   You are sharing the first word this morning on the South Dakota State Fair—and sharing all that is going on that our audience should know about this big week---

  Brenda Dryer will join us in the 10:00 hour   

   (Events---where do they go----and what should they expect

   The importance of the State Fair—not only your booth—but others and what it means to agriculture----

---------------Brenda-----

    The fair itself—for those now interested is where----the start times---and the biggest events you can share with us-------and our audience. School not far away—and what a chance to family event-----

---Up next---The McCrossans Rodeo------had a chance to be part of it Saturday---and it was special----Christy Vastenhout----shares how it went-----and it was all areas sun-shining with some very tough bucking bulls-----

9:18/00—KELO Commercials

9:19/30---It’s YOUR Business Show 2

   Quite the event at McCrossan Boys Ranch---Saturday Afternoon----bulls were tough----but the crowd was well fed---and happy----

  Christy Vantenhout promised to join us—to talk about the event----what she saw---and how the cowboys and cowgirls enjoyed the surroundings

-----(((605351-0894)))

   What did fans and families tell you about the event------and just how many really attended---

-----------Christy---------

   How long this has been a part of the events in the Sioux Falls Area---and why it is so popular with families---and those that just want to thank McCrossan for all their doing with the boys----

------------Christy-------------

    History of when this started---and how it has grown------

-------------Christy--------------

    What other events do the boys at the ranch take part in that perhaps we don’t know that much about----

--------------Christy--------------

   It was special for Carolyn and I---next morning we got up for Mass at St. George in Hartford----and one of the Sturgis enteries was there in mass with his family or someone that was making sure—he bucked with the bulls and night—and prayed with us on Sunday morning---

   We thank you for all you do---we’ll talk again with you at the end of the 10:00 hour—

   Fox Business News is next-----

9:28/30---KELO Commercials

9:30/00---Fox Business News

9:32/00---It’s YOUR Business 3

---Welcome back to our It’s YOUR Business show---we have talked about the South Dakota State Fair---and about quite the event Saturday night at McCrossan Boys Ranch’s rodeo…

 ---we start with Ron Nelson-----who talks Commercial Real Estate-and is often with us in our Report Card and Remodelers Shows on Monday’s----

Whats going on with the office space market?

2026 is an interesting year. For the real estate business, commercial side anyway, it’s the best year we’ve seen in 3 years. ‘24 ’25 were, for many, years where people were poised and ready, in the proverbial starting blocks…and the gun never went off.

   So many issues and distractions in 24 & 25, for real estate volume, it was down because there was just too much uncertainty. There’s not as much uncertainty in 2026?? Sure there still is-but there’s always uncertainty at some level, but the Iran war has dominated this year. That’s overseas, so we don’t feel it really at all except for gas prices. If we didn’t’ watch the news, we may not know there’s a war going on I’d mentioned the starting blocks that they never got out of in ’24 &’25. People just needed to get out of the starting blocks, so they did in ’26. Yet Sioux Falls building permits are down..go figure…

   Although it’s still looking like we may still hit a Billion again. That’s why we talk about these things, because you can’t just automatically assume if building permits are strong, that everything else is also strong..it’s been the opposite of that the last 3 years..with this year being in reverse of the previous 2 years.

Office Space certainly has been the category that got hit the hardest this decade. Face it, before Covid, nobody heard of working remote or now the hybrid models. That has devastated certain sectors of the office market. My daughter in Virginia, way shrunk their office space after Covid.

   She’s hybrid,..at most 2 days in the office.. Other daughter, totally remote in Charlotte. But the reason Sioux Falls never got hit as hard, we remained open for business. Some national companies, Citi and the like, are going to do in Sioux Fall what they do in New York..so you understand that. I think some national offices were shut down for 2 years.

    Nationally, its coming back..the 2nd quarter of 2026 marks the 9th consecutive quarter of positive net absorption in office space, meaning new leases out pace spaces being vacated. Locally, The Bender mid-year market report showed a 12.4% office vacancy rate in the suburban

markets…and the downtown a very healthy 4.9%. Pretty amazing with all the new office space built downtown. Once again, Sioux Falls is an outlier.

   But part of the reason the numbers look good, outside of the downtown area, were just not building office buildings in a big way. The majority of the ones getting built are single user, for a companies specific needs. Spec office space construction has obviously slowed, since Covid, so we’re just slowly catching up. Healthy steps.

    Office space deals are out there, but not as much as 2-3 years ago. We’re happy to help you!

---Sioux Metro----18 and strong

9:44/00—KELO Commercials

9:45/30---Business 5

   Sioux Metro has 18 communities---and Chris Fields is with us to talk about what they are doing---what we should watch for---and perhaps a few other things they have been doing n the run---

-------------Chris------------------

   For those that don’t know Sioux Metro Alliance---how it got started—why it works so well together—and some big events we should plan on seeing in this next week---the last week of August----

------Chris-----

  Last week what all you were up to ---and how it should be something others do in not only South Dakota—but our neighboring states---

------------Chris-------------------

   We appreciate you and we’ll talk more later in the week---

----Agri Business Show coming up after a break---a set up for 10:00 and news on the hour---

9:56/00---KELO Commercials

9:57/30---What else coming in the 10:00

Our 10:00 show is the Agri Business Show—we know that it is important for us to salute agriculture---our number one industry—and with the State Fair –and more this week—we’ll do our best---

  Norm Anderson will have the show posted as a podcast----and we thank him for all he does.

----our time is up---thank you for yours….