Industry NewsRentals

Dodge Data & Analytics report ranks NYC, Miami, Dallas at top

Miami, Chicago and DC in Top 5
  • A new Dodge Data & Analytics report said that commercial and multifamily building in 2015 was worth $162.7 billion, up 8 percent from the end of 2014.
  • For the sixth straight year, multifamily housing construction across the nation as a whole has seen double-digit increases year-over-year.
  • New York City, Miami, Chicago and DC are four of the top five metros for building projects.

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A new Dodge Data & Analytics report took a look at the top U.S. metros for commercial and multifamily building starts shows the Big Apple posted the big numbers. And, the report said that an important trend in this sector has continued: for the sixth straight year, multifamily housing construction across the nation as a whole has seen double-digit increases year-over-year. For the nation as a whole, commercial and multifamily building in 2015 was worth $162.7 billion, up 8 percent from the end of 2014. That averaged gain for 2015 was the result of commercial building holding relatively steady while multifamily housing advanced 18 percent. In 2014, the commercial and multifamily total jumped 26 percent, with sharp increases in both commercial building, up 22 percent; and multifamily housing, up 32 percent. New York City groundbreakings in those two important categories jumped 66 percent over one year ago, for a total of $34.9 billion in new projects. And, that big numbe...