The U.S. apartment market has seen elevated construction levels in this cycle. But construction activity has been concentrated in some spots more than others, and MPF Research has identified the nation’s 10 busiest submarkets for construction in this cycle. The submarkets were identified based on inventory growth since 2012, including the total number of units completed since 1st quarter 2012 and the total number of units under construction at the end of 3rd quarter 2014. Why have these spots attracted so much development? We’ll take a deeper look in this series highlighting each of the top 10 submarkets.
Far North West San Antonio, Texas
Placing in the No. 7 spot on our list of rapid inventory growth submarkets is Far Northwest San Antonio in San Antonio. Far Northwest San Antonio’s apartment inventory expansion rate since 2012 is 44.2%, including new apartment supply plus units under construction at the end of 3rd quarter 2014.
Read more...The Nation’s Top 10 Busiest Submarkets: 7. Far North West San Antonio, Texas | Property Management Insider