Sioux Falls, SD
Sioux Falls is the new SF, as some have said. And with finance jobs flooding into tax-friendly South Dakota over the past few years, the once-boarded-up Downtown is now saturated with trendy restaurants, breweries, and even one of the best bakeries in America. Also, San Francisco-level rents.
But with the completion of the Big Sioux River Greenway, development along the water is poised to support the influx of newcomers. "The East Bank of Sioux Falls is gathering tremendous interest because of the renovation of industrial spaces into artful offices, lofts, boutiques, bars, and restaurants," said Steve Van Buskirk, the director of land development for his namesake company in Sioux Falls.
Additionally, the first development along the East Bank -- the Cherapa Place building -- is planning a second phase and the railroad tracks that once ran down the city's streets are being removed, paving the way for public-private mixed-use spaces and innovative new developments inside the area's old industrial buildings.