Top 20 Cities/Metros for Commercial and Multi-Family Construction 2019 (live, largest, America)

[marothisu]

Originally Posted by dallasboi

That link didn't show anything.

Yes it does. You have to know how to use the form. I'm not pulling numbers out of thin air or providing links to US Government sites for the hell of it.

[CleverOne]

Originally Posted by 2Easy

That was the point. This ranking is based on dollar amounts so places like Austin and LA could be building the same square feet, but higher costs in LA cause LA to be ranked higher. This is just a hypothetical and I have no idea what the actual cost comparison between LA and Austin might be.

Well it seems a better measurement than cost would be to see the amount of square footage being built.

[whereiend]

Originally Posted by dallasboi

That link didn't show anything.

look at this.
https://www.rentcafe.com/blog/rental...truction-2019/

That link makes Austin look insane. Ranked #5 despite being #30 in population. It makes sense though, Austin's current zoning makes it very difficult to build attached homes or townhouses, so a huge percentage of growth has to be filled through apartments. Also Austin's traffic situation limits the demand to sprawl outward somewhat.

[dallasboi]

Originally Posted by whereiend

That link makes Austin look insane. Ranked #5 despite being #30 in population. It makes sense though, Austin's current zoning makes it very difficult to build attached homes or townhouses, so a huge percentage of growth has to be filled through apartments. Also Austin's traffic situation limits the demand to sprawl outward somewhat.

Yeah Austin even outranked Houston and Atlanta.

[marothisu]

Originally Posted by Ant131531

Permits doesn't mean construction start. It's probably better to use 2018 numbers since naturally there's a delay in building.

Agree, but using the Dallas number from the other post means that probably 65% or so of these units do end up getting built.

Here is 2018 numbers (from https://socds.huduser.gov/permits/)

NYC MSA: 38,615 units
Dallas MSA: 27,061 units
Los Angeles MSA: 19,482 units
Seattle MSA: 19,052 units
Houston MSA: 16,967 units
San Francisco MSA: 13,373 units
Austin MSA: 13,005 units
Atlanta MSA: 12,935 units
Miami MSA: 12,531 units
Orlando MSA: 12,427 units
Washington DC MSA: 12,169 units
Denver MSA: 9921 units
Boston MSA: 9253 units
Minneapolis MSA: 9221 units
Charlotte MSA: 9208 units
Chicago MSA: 9135 units
Phoenix MSA: 7817 units
Portland MSA: 7311 units
San Diego MSA: 6345 units
Philadelphia MSA: 6281 units
San Jose MSA: 6278 units
Nashville MSA: 5689 units
Raleigh, NC MSA: 4790 units
Jacksonville MSA: 4695 units
Kansas City MSA: 4660 units
Baltimore MSA: 3926 units
San Antonio MSA: 3484 units
Salt Lake City MSA: 3359 units
Tampa MSA: 3224 units
Riverside, CA MSA: 3218 units
Louisville MSA: 2409 units
Las Vegas MSA: 2323 units
St. Louis MSA: 2096 units
Milwaukee MSA: 2057 units
Omaha MSA: 1997 units
Cincinnati MSA: 1794 units
Indianapolis MSA: 1603 units
Richmond, VA MSA: 1563 units
Sacramento MSA: 1480 units
Virginia Beach MSA: 1436 units
Honolulu MSA: 1427 units
Memphis MSA: 1307 units
Grand Rapids, MI MSA: 1105 units
Pittsburgh MSA: 1060 units
Detroit MSA: 1032 units
Rochester, NY MSA: 1030 units
Albany, NY MSA: 1008 units
New Orleans MSA: 818 units
Hartford, CT MSA: 780 units
El Paso MSA: 665 units
Tulsa MSA: 567 units
Buffalo MSA: 478 units
Providence MSA: 410 units
Bridgeport, CT MSA: 344 units
Oklahoma City MSA: 300 units
Cleveland MSA: 248 units

[Vincent_Adultman]

Originally Posted by Ant131531

Source: https://www.construction.com/news/Co...Top-Metro-2019



Some notes:

-NYC stands out above the rest big time...it's not particularly close.
-Surprised Dallas is not top 5 considering the population and job growth of the region...in fact it's barely above Atlanta and Houston.
-Austin stands out big time. Top 10, yet only about 2.3 mil in population....it's truly incredible how much Austin overperforms.
-Seattle surprised me with how low it is...I wonder if things are cooling there.
-SF is an underperformer for how much of a boomtown it is with Tech. I know this doesn't include SJ.
-Very surprised not to see Denver and Charlotte in the top 20

From what I can tell, this doesn’t account for number of units in each “start”. I think that may be part of why Seattle is lower than expected - it has a lot of large scale projects with hundreds of units.

Edit: Just saw the post above which confirms that.

[Arcenal813]

Being directly involved with lots of MEP Engineering for commercial/multi-family construction in Orlando, I'm very proud.

[urbancharlotte]

Originally Posted by marothisu

Agree, but using the Dallas number from the other post means that probably 65% or so of these units do end up getting built.

Here is 2018 numbers (from https://socds.huduser.gov/permits/)

1 NYC MSA: 38,615 units
2 Dallas MSA: 27,061 units
3 Los Angeles MSA: 19,482 units
4 Seattle MSA: 19,052 units
5 Houston MSA: 16,967 units
6 San Francisco MSA: 13,373 units
7 Austin MSA: 13,005 units
8 Atlanta MSA: 12,935 units
9 Miami MSA: 12,531 units
10 Orlando MSA: 12,427 units
11 Washington DC MSA: 12,169 units
12 Denver MSA: 9921 units
13 Boston MSA: 9253 units
14 Minneapolis MSA: 9221 units
15 Charlotte MSA: 9208 units
16 Chicago MSA: 9135 units
17 Phoenix MSA: 7817 units
18 Portland MSA: 7311 units
19 San Diego MSA: 6345 units
20 Philadelphia MSA: 6281 units
21 San Jose MSA: 6278 units
22 Nashville MSA: 5689 units
23 Raleigh, NC MSA: 4790 units
24 Jacksonville MSA: 4695 units
25 Kansas City MSA: 4660 units
26 Baltimore MSA: 3926 units
27 San Antonio MSA: 3484 units
28 Salt Lake City MSA: 3359 units
29 Tampa MSA: 3224 units
30 Riverside, CA MSA: 3218 units
31 Louisville MSA: 2409 units
32 Las Vegas MSA: 2323 units
33 St. Louis MSA: 2096 units
34 Milwaukee MSA: 2057 units
35 Omaha MSA: 1997 units
36 Cincinnati MSA: 1794 units
37 Indianapolis MSA: 1603 units
38 Richmond, VA MSA: 1563 units
39 Sacramento MSA: 1480 units
40 Virginia Beach MSA: 1436 units
41 Honolulu MSA: 1427 units
42 Memphis MSA: 1307 units
43 Grand Rapids, MI MSA: 1105 units
44 Pittsburgh MSA: 1060 units
45 Detroit MSA: 1032 units
46 Rochester, NY MSA: 1030 units
47 Albany, NY MSA: 1008 units
48 New Orleans MSA: 818 units
49 Hartford, CT MSA: 780 units
50 El Paso MSA: 665 units
51 Tulsa MSA: 567 units
52 Buffalo MSA: 478 units
53 Providence MSA: 410 units
54 Bridgeport, CT MSA: 344 units
55 Oklahoma City MSA: 300 units
56 Cleveland MSA: 248 units

This list just seems more reasonable. Austin is HOT, but not as hot as Dallas and Houston.

[marothisu]

Originally Posted by urbancharlotte

This list just seems more reasonable. Austin is HOT, but not as hot as Dallas and Houston.

This is only for multi unit permitting though. It does not take into account office and commercial new construction.

[2Easy]

Originally Posted by CleverOne

Well it seems a better measurement than cost would be to see the amount of square footage being built.

Perhaps but the link provided included warehouse construction and I would argue that 1 million square feet of warehouse construction isn't the same as 1 million square feet of office or housing.