North Delaware's Own Multifamily Slowdown Is Here, And It's Mild
Even leading the region in inventory growth, Wilmington's multifamily market isn't taking as many lumps as Philadelphia and many other cities.
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Even leading the region in inventory growth, Wilmington's multifamily market isn't taking as many lumps as Philadelphia and many other cities.
The property is in a primarily industrial part of the neighborhood but one that’s been garnering developer interest in recent years.
Construction of new apartments slowed in 2020 The Des Moines area saw just 1,084 added to the market last year, 53% less than the five-year average Friday, February 19, 2021 6:00 AM Construction of new apartment units in Greater Des Moines slowed in 2020 as developers paused to assess the pandemic’s effect on material costs and whether there was demand for new multifamily housing. Just 1,084 new units were added to the market in 2020, 53% below the five-year average of new unit additions, a recent market survey from CBRE|Hubbell Commercial shows. In 2019, 2,317 new units were ad...