Published in Building Design + Construction: 2019 Multifamily Giants Report

October 23, 2019

Apartment construction keeps moving along, but affordable housing lags behind

 

The latest trends and innovations in the $66 billion multifamily construction sector, as
reported in Building Design+Construction's 2019 Giants 300 Report. Despite higher construction costs and the paucity of premium sites in urban cores, the

multifamily market—notably the market-rate and luxury rental sectors—remains strong.
More than 318,000 units are likely to be delivered nationally this year, says market analyst
firm Newmark Knight Frank.

“There is no loss of demand,” says James Gray, Senior Principal, Stantec. “The country is
under-housed,” adds Megan Dimmer, CEO, Humphreys & Partners Architects. In 2019, the occupancy rate of U.S. apartments stands at 95%, with rents rising 3.5% YOY, she says. 

Read full article in Building Design + Construction.

Previous Article
6 myths about embracing non-toxic materials in interior design
6 myths about embracing non-toxic materials in interior design

If you’re not specifying healthy materials on your next project, you’re missing the boat

Next Article
Designing with non-toxic materials, an interactive guide
Designing with non-toxic materials, an interactive guide

Click around this interactive guide to choosing healthy materials for interior spaces.

THE STANTEC DESIGN QUARTERLY: Thoughts, Trends, Innovation

DISCOVER