RCA Insights

Chart: Dallas Tops US Construction Markets in Covid Era

By on May 3rd, 2021

Dallas is booming. The market cemented its position as the #1 U.S. market for commercial real estate construction during the Covid-19 era despite the challenges of the pandemic.

In the period from Q2 2020 through Q1 2021, Dallas construction starts grew 24% year-over-year. The value of starts was just over twice as large as the next biggest market, Los Angeles. Los Angeles outperformed Dallas in only the retail sector.

Industrial accounted for 33% of all construction starts in Dallas during the Covid era. The #2 market for industrial construction starts was the Inland Empire, though in this market there was little else that was started and it placed at #23 in the overall ranking.

The apartment sector represented the majority of starts in all but five of the top 15 markets in this 12-month period. Dallas moved up three spots from 2019 to supplant the NYC Boroughs, which since 2015 had held the #1 spot for apartment construction starts.

Top 15 US CRE construction markets Q1 2021

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A version of this article first appeared in the Q1 2021 edition of US Capital Trends. Clients of Real Capital Analytics <<click here>> to download the latest US Capital Trends report from the RCA website. To learn more about how RCA’s reports, data and tools can inform your investment decisions, contact us.

 

USCT Big Pic Q1'21 thumbnail

 

Article tags: Dallas, Los Angeles, New York, construction, development sites

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Haley Crimmins

Manager, Analytics
hcrimmins@rcanalytics.com

Haley Crimmins is a Manager on the Analytics team, based in New York. She joined RCA in 2017 and enjoys providing timely and relevant analyses covering several facets of the commercial real estate industry.