Southern states saw active apartment construction in urban areas
Southern states saw active apartment construction in urban areas
Abstract
About 391,000 new downtown apartment units have sprung up between 2013 and the present day. This represents 37% of the total multifamily inventory in these areas. Four of the top five cities for new downtown apartments are in the South, led by downtown Atlanta, with 21,500 new units. Los Angeles is in second, followed by Houston; Charlotte, Charlotte, North Carolina and Miami. Nashville, Tennessee, and Phoenix have the highest shares of new construction. Another 7,000 units are under development or construction.
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