More than half a million new apartments are scheduled to be delivered next year after the country added nearly 600,000 units in 2024. While several major markets are expected to experience peak apartment delivery next year, none come close to the increases expected in New York and Los Angeles, the nation’s two largest apartment markets, according to a RealPage analysis.
New York will nearly double its scheduled apartment supply next year, adding 34,801 units compared with 18,867 units added in 2024. That is an increase of 84.5% or nearly 16,000 units, and would represent the highest level of deliveries RealPage has ever recorded in the New York market.
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