America’s real estate landscape is constantly evolving, with every major city across the US having seen its fair share of real estate development in the last 10 years. But which sectors are booming, and which markets are the most active in terms of new construction?
To see which areas of the country experienced the most impressive real estate transformations over the past decade – from 2012 to 2021 – Storage Cafe looked at new construction in the single family, multifamily, self storage, office, retail and industrial sectors in the 50 largest metropolitan areas.
One of the fastest-growing metros in the country, Dallas acted as a magnet for both new residents and businesses over the past decade, and the real estate market responded.
Building permits have been issued for roughly 323K single family homes and over 233K multifamily units in the last 10 years. During the same period, office space swelled by 55M square feet, industrial by almost 230M square feet, while retail and self storage added about 48M and 23M square feet of new space.
See the full ranking at StorageCafe.