Neighborhoods in urban cores are seeing the highest rates of new apartment construction in the last five years, signaling a continued interest in downtown living despite fears of an 'urban exodus' brought on by the pandemic.
A recent analysis by RentCafe shows that 'hyper-urban' downtown neighborhoods have seen the most active apartment construction in the last five years, reports Florentina Sarac.
"Despite the fact that downtown areas haven’t always been desirable places to live in, that has certainly changed in the last decade," writes Sarac. The article lists the top 20 neighborhoods for apartment construction in the U.S., led by downtown Los Angeles with 10,136, or a whopping 39% of the city's new apartment supply and twice as many apartments as any other neighborhood. Other popular areas include Midtown Atlanta, Hunters Point in Queens, New York, and Downtown Fort Worth, Texas. The neighborhood with the highest share of new apartments in its city was San Jose, California, where tech workers continue to fuel an intensely competitive housing market.
These numbers show that despite concerns about COVID-19 transmission, urban cores remain attractive places to live. Once the bastion of 9-to-5 workers, some experts say central business districts will likely transform into multi-purpose neighborhoods as the demand for physical office space falls.
FULL STORY: Apartment-Crazed Neighborhoods: The Nation’s Downtowns See Historic Boom, with DTLA Leading the Way
Major US Cities Still Suffering Downtown Decline
Research shows that the “donut effect” hollowing out central business districts since the pandemic continues to cause economic decline in the 12 largest American cities.
Office Landlords Luring Tenants Back With Incentives
Landlords are offering generous incentives in an effort to prop up the struggling U.S. office market.
More Apartments Are Being Built in Less-Dense Areas
Rising housing costs in urban cores and a demand for rental housing is driving more multifamily development to exurbs and small metros.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.
Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.
MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.
Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie