Orlando completed 9,598 new units, up 8% in a single year. Total apartments rented were 9,890 units. Orlando's inventory growth compared with Dallas-Fort Worth, up 5%; Atlanta, 4%; and Houston, 3%.
Only those three metropolitan areas topped Orlando in completions. Dallas-Fort Worth built 24,347 new units; Atlanta, 13,799; and Houston, 12,691. Phoenix is in fifth position with 9,456 new units built last year.
In 2001, Orlando again is expected to be running with the big dogs of new apartment construction, Greg Willett, M/PF Research editorial director, tells GlobeSt.com. "The leasing environment in Orlando should remain quite competitive during the near term, because ongoing construction remains very substantial," Willett says.
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