Over the last 10 years, there were record multifamily deliveries — about 3.5 million completed units, according to RealPage Market Analytics. That was a 21% jump over the decade.
And, according to a new RealPage analysis, commuter submarkets for major metros have seen some of the biggest multifamily completion volumes in the country, with Manhattan’s commuter submarkets a remarkable example.
There are 997 submarkets, by RealPage’s county, across the largest 150 apartment markets. Out of the submarkets, 13 saw inventory increases by at least 17,000 units.
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