According to a new report from StorageCafe, Atlanta ranked fifth among U.S. cities in total new construction over the last decade, with real estate growth outpacing larger cities such as Los Angeles and Chicago. To rank the list, the online storage platform measured construction data in the single family, multifamily, self storage, office, retail and industrial sectors across the 50 largest metropolitan areas in terms of population.
The Atlanta-Sandy Springs-Alpharetta metro saw tremendous growth in both residential and commercial spaces, with more than 222K single-family home permits issued during the last ten years, alongside almost 88K multifamily permits.
That trend continued despite the pandemic for single-family home construction, with 2020 and 2021 clocking in as the best years during the past decade, but wavered in multifamily with only 3,700 new units delivered in 2020. That number rebounded, however in 2021, as multifamily permits doubled.
The metro area also added roughly 99M square feet of new industrial space from 2012 to 2021, including warehouse space from corporations from Amazon, to Lowe’s, Kellogg’s and beyond. Atlanta’s office space also added 20M square feet of space during the decade, while retail footage grew by 16M square feet during the same time period.
Atlanta’s growth was outpaced by Dallas, Houston, New York and Phoenix, respectively.
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