Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Wow. Pittsburgh MSA isn't even on the list. Explains why housing prices and rents are now rising so rapidly here. There's just nothing new being built. Thank you, NIMBY's!
Don't know how significant this is, but I'm typing this from a studio apt in a 127 unit building in Shadyside that went up in 2017. Apparently the only other place this company built these was NYC according to their website. Pretty sure I've seen a few other similar new buildings around the east side this week.
This is a follow up to the hot multifamily thread. I found it interesting to sort the data by the total number of STRUCTURES with 5 or more units. So some places are clearly building more strutures it's just some may be building more 30 unit buildings vs 300 unit.
Here are the top 2019 MSAs that built over 100 new structures in 2019 with over 5 units:
Please do NOT include any metros with under 100 structures in this thread! I may do another thread for cities from 50-100 but will take an hour to compile.
NYC 1403
Boston 680
Dallas 600
LA 534
Houston 522
Seattle 424
Philly 414
Austin 369
Portland 287
Miami 277
Chicago 269
Charlotte 228
Phoenix 224
San Fran 212
San Antonio 211
Riverside 206
Washington DC 206
Orlando 196
Tampa 196
Nashville 173
Atlanta 169
Columbus 164
San Diego 161
Boise 156
Minneapolis 155
Reno 148
Detroit 138
Denver 128
Salt Lake City 124
San Jose 124
Sarasota 108
Louisville 105
Las Vegas 103
Fayetteville, Ark 100
Thoughts anyone? Very interesting list! Message me if you see over 100 new structures for 2019 over 5 units for your MSA. Otherwise if it was less than 100, they do not make the cut. I do realize some of these would rank higher or lower based on the number of total multifamily units. If there are discrepancies, is it because some city's build smaller infill? If so, why? Fayetteville and Reno are the stand outs to me...I need to get to both of these towns! And so happy for Detroit. Love some red brick grit. Also as hot as Nashville is, look at Columbus go.
Inland Empire tying D.C. is very interesting. San Diego getting beat by Columbus-pathetic but also look at Minneapolis. Charlotte and Portland with very impressive showings, L.A. needs to double their output.
It would be interesting to see a deeper analysis, namely the median number of units in these structures. Chicago is seeing entire 70-story-plus skyscrapers with hundreds of units going up. I presume New York is seeing the same, though for all I know NYC is already so built out in its core that this isn't happening after all.
Inland Empire tying D.C. is very interesting. San Diego getting beat by Columbus-pathetic but also look at Minneapolis. Charlotte and Portland with very impressive showings, L.A. needs to double their output.
Columbus MSA has grown almost as much as San Diego between 2010 and 2018, so it shouldn't be that much of a surprise. Lots of apartment buildings going up in the city, and many more in the communities around 270. Columbus doesn't have San Diego's weather or the beach (or many other attributes I'm sure you'd love to list), but it has lots and lots of jobs, and many people moving here for those jobs.
Seems weird Boston is 50% higher than Seattle, but maybe it’s because Seattle is building a larger number of buildings with well over 5 units
Bostons hitting its peak right now with units going u/c. Seattle is about two years past the peak according to RLB. Youll see a bulge of projects go underway from now until 2022, and then it will for sure plummet.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
