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The top 10 markets for multifamily construction

According to Marcus & Millichap, the number of multifamily completions forecast for 2017 is the highest since the 1980s, but remains concentrated in a few markets. About 45 percent of planned projects are in the top 10 markets.

 

TOP 10 MULTIFAMILY CONSTRUCTION MARKETS 2017

 

1. NEW YORK CITY | Absorption: 19,500 | Supply: 29,700

2. DALLAS-FORT WORTH | Absorption: 20,200 | Supply: 28,200

3. HOUSTON | Absorption: 15,000 | Supply: 18,300

4. WASHINGTON, D.C. |  Absorption: 12,100 | Supply: 15,700

5. SOUTH FLORIDA | Absorption: 13,400 |  Supply:15,200

6. SEATTLE | Absorption: 8,600 | Supply:  13,200

7. BAY AREA | Absorption: 10,800 | Supply: 12,100

8. ATLANTA | Absorption: 12,400 | Supply: 12,000

9. DENVER |  Absorption: 8,200 | Supply: 11,900

10. LOS ANGELES | Absorption: 13,900 | Supply: 10,900

UNITED STATES |  Absorption: 324,500 | Supply: 371,000

 

source: Marcus & Millichap

 

 

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