This is the # 1 neighborhood for new apartments in Phoenix

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Very popular due to their location and vibrant amenities, the country’s urban neighborhoods have seen a boom in new apartments over the past five years. In fact, the 20 most active neighborhoods – leading downtown Los Angeles – have delivered an impressive 80,000 new rental units. And the # 1 new apartment neighborhood in Phoenix has seen just under 3,000 new units built in the past five years.

In our latest RentCafe study, we went to the middle of the big cities to see which neighborhoods have built the most apartments over the past 5 years.


READ ALSO: Phoenix is ​​# 1 in the United States for multi-family construction projects


Here are the highlights of the apartments in Phoenix:

• City centers are the pioneers in the construction of new apartments over the past 5 years. Ideally located and rich in amenities, large urban centers are very popular with the younger generations.

• Encanto Village has captured the lion’s share of the Phoenix apartment boom. Just under 3,000 new units have been built here in the past 5 years, representing 21% of apartment development in Phoenix.

• Encanto Village is also one of the most successful neighborhoods in the country, ranking 16e. Nationally, development here is comparable to South Lake Union in Seattle and Uptown Charlotte.

• Downtown Phoenix was the second best choice for builders, with more than 2,100 apartments. That’s 15% of the units built in the city since 2017.

• Overall, Phoenix’s top 4 neighborhoods account for 61% of all apartment developments in the city since 2017.

Apartments continue to appear across the country, with around 1.6 million new rentals built in the past five years. And, while our last apartment report showed California, Texas, and New York to lead the way in apartment building, we wanted to take a closer look to find out exactly which neighborhoods were the craziest apartment buildings in the country.

Analyzing construction data for the 50 largest US cities, we found that the 20 most active neighborhoods for new apartments were mostly hyper-urban and central areas, highly sought after by millennials and renters. Generation Z, with Downtown Los Angeles and Midtown Atlanta. leading the pack. Despite the fact that city centers haven’t always been great places to live, that has certainly changed over the past decade. For example, downtown San José exceeded all expectations and built more than half of the city’s total supply of new apartments over the past five years.

So, without further ado, here are the top 20 American neighborhoods for apartment building:

Click here to see which neighborhoods have built the most in America’s 50 largest cities.

  • New apartments: 10,136
  • Share of new apartments in the city’s total supply in five years: 39%

As one of the city’s most gentrified, culturally diverse and vibrant neighborhoods, DTLA continues to grow in terms of new rental apartments. The area, packed with entertainment and beautiful architecture, has seen 10,136 notable new rental apartments in the past five years alone, almost twice as many as any other neighborhood in the United States. Additionally, about 39% of the total number of new apartments that have opened in the past five years in Los Angeles are in this neighborhood.

  • New apartments: 5,936
  • Share of new apartments in the city’s total supply in five years: 21%

With more than 5,900 new apartments delivered between 2017 and 2021, Midtown Atlanta is home to numerous art galleries and museums, as well as numerous festivals and attractions right in the heart of the city. After opening a MARTA line in the 1980s and hasty construction of skyscrapers in the 2000s, the neighborhood quickly became one of the most desirable places to live in Atlanta. The addition of new apartments over 5 years represents 21% of the total number of rental units in the city.

  • New apartments: 5,423
  • Share of new apartments in the city’s total supply in five years: 53%

Most people know Hunters Point as the place to go to take in this magnificent view of the Manhattan skyline, but it’s also a neighborhood that has seen a lot of transformation in recent years, especially in real estate. Originally an industrial and industrial district, Hunters Point has grown into a prime location for tenants and homeowners, with an abundance of ultra-luxurious condos and apartments. Over the past five years, developers have added a new batch of over 5,400 rental units here, which is 53% of the total number of newly built apartments in Queens.

  • New apartments: 4,953
  • Share of new apartments in the city’s total supply in five years: 22%

Dubbed the hottest neighborhood in Washington, DC, Navy Yard is full of parks, restaurants, and most importantly, buildings. It’s no wonder, then, that developers chose it to build 22% of the city’s new apartments over the past five years. With cranes popping up around every turn, this central riverside area is poised for a major skyline change over the next few years, and proof of that is the number of new apartments completed between 2017 and 2021: nearly 5,000 rental units will come in handy for the many tenants looking to live in this popular neighborhood.

  • New apartments: 4,630
  • Share of new apartments in the city’s total supply in five years: 28%

Fifth on the list is another downtown neighborhood, this time in Texas. The bustling downtown area of ​​Fort Worth is just short of ideal. Located in the heart of the city, the neighborhood has seen more than 4,600 new apartments built over the past five years, a testament to the neighborhood’s popularity with tenants. These new rental units represent 28% of the total share of new apartments in Fort Worth.

  • New apartments: 3,962
  • Share of new apartments in the city’s total supply in five years: 16%

Bursting with high-end housing, entertainment and employment opportunities, Northwestern San Antonio has seen incredible development over the past few years to become an “it” neighborhood that many people are fortunate enough to be in. call their home. Specifically, the region added an impressive number of nearly 4,000 new apartments between 2017 and 2021, and now stands as the sixth craziest building district in the country. About 16% of the city’s total share of new apartments were delivered in northwest San Antonio.

  • New apartments: 3,919
  • Share of new apartments in the city’s total supply in five years: 43%

The Spring Valley neighborhood sits on the border between urban and suburban, and its residents can enjoy the benefits of both worlds. A popular area for nature lovers, Spring Valley has added 3,919 new rental units to its offering over the past five years, or 43% of total new apartments in Las Vegas.

  • New apartments: 3,516
  • Share of new apartments in the city’s total supply in five years: 14%

Once home to warehouses and marshalling yards, the South Loop has undergone an impressive renaissance over the past decade. With brand new skyscrapers made of sparkling glass and historic publishing houses converted into apartments, it has become a popular residential area just a few train stops from the city center. As a result, due to its convenient location, developers have built more than 3,500 new apartments in the area since 2017, or 14% of the total supply of newly built apartments in Chicago.

  • New apartments: 3,511
  • Share of new apartments in the city’s total supply in five years: 58%

California’s # 2 construction district and ninth nationally, downtown San Jose has delivered approximately 3,500 new apartments in the past five years. Notably, of all the top neighborhoods, Downtown San Jose also had the highest share of the total number of new apartments delivered in the city – at 58%. Here, the tech industry continues to fuel the region’s apartment boom, with tech companies keen to keep their employees as close to the office as possible.

  • New apartments: 3,431
  • Share of new apartments in the city’s total supply in five years: 13%

To say that Hollywood is the most famous neighborhood in the world would be an understatement. Slow to change during the 1990s and 2000s, the area’s residential development has started to take off over the past decade, becoming increasingly popular as a place to live – and not just as a landmark. tourism for the entertainment industry. As such, the addition of more than 3,400 new rental apartments over the past five years has propelled Hollywood into the top 10 most active apartment districts in the country.

  • New apartments: 3,359
  • Share of new apartments in the city’s total supply in five years: 19%

  • New apartments: 3,280
  • Share of new apartments in the city’s total supply in five years: 16%

  • New apartments: 3,189
  • Share of new apartments in the city’s total supply in five years: 19%

  • New apartments: 3,045
  • Share of new apartments in the city’s total supply in five years: 15%

  • New apartments: 2,979
  • Share of new apartments in the city’s total supply in five years: 12%

  • New apartments in Phoenix: 2,965
  • Share of new apartments in Phoenix in the city’s total supply in five years: 21%

  • New apartments: 2,918
  • Share of new apartments in the city’s total supply in five years: 11%

  • New apartments: 2,901
  • Share of new apartments in the city’s total supply in five years: 13%

  • New apartments: 2,897
  • Share of new apartments in the city’s total supply in five years: 8%

  • New apartments: 2,699
  • Share of new apartments in the city’s total supply in five years: 22%


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