The Dallas metro area has posted the most development over the last decade, as it attracts the most new residents and businesses, according to a new analysis from StorageCafe, a nationwide storage firm owned by Yardi.
“Mainly supported by a strong job sector and a healthy economy, the residential sector in Dallas has seen amazing growth,” researchers say. “Not only did the pandemic not slow the market, but 2020 and 2021 saw the highest numbers of permits issued for new single-family homes in the entire decade—44,000 and almost 50,000, respectively.”
StorageCafe ranked the nation’s largest metros that have seen the most of new real estate construction from 2012 to 2021.
“America’s real estate landscape is constantly evolving, with every major city across the U.S. having seen its fair share of real estate development in the last 10 years,” according to researchers. StorageCafe’s analysis looked at new construction in single-family, multifamily, self-storage, office, retail, and industrial sectors among the 50 largest metro areas.
Source: “The Most Active Real Estate Markets in the Last Decade: Development Fired Up in the U.S., With Texas Metros at the Forefront,” StorageCafe (Feb. 17, 2022)
