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Apartment construction is seeing significant growth, with RentCafe data projecting the completion of over 500,000 rental units by the end of 2024. This...

projecting the completion of over 500,000 rental units by the end of 2024. This represents a 9% increase in new apartments compared to the previous year. New York City is expected to lead this surge in new rental supply.You have some new data on the apartment construction records that we've seen.The apartment market is set to break records this year.That's a 9% increase from last, and New York is going to lead by 33,000 new units.

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