New York is expected to receive 35,000 new apartment units next year, leading the country in deliveries that could reach half a million. Supply delays may curb that forecast somewhat, but 2025 is expected to be another year of high supply in most major markets nationwide, according to a RealPage analysis.
New York’s expected supply rate is the highest delivery load on record in the RealPage data set going back to 2008.
Fourteen markets will receive more than 10,000 new apartment units next year. Among these are several Sunbelt regions that are on track to receive thousands of units, including the three largest apartment markets in Texas — Dallas, Austin and Houston – which will receive between 14,000 and 27,000 units next year. Charlotte, Raleigh, Atlanta and Orlando also will be supply leaders next year, predicted RealPage.
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