{"id":25570,"date":"2023-07-18T13:56:29","date_gmt":"2023-07-18T17:56:29","guid":{"rendered":"https:\/\/www.construction.com\/?post_type=blog&#038;p=25570"},"modified":"2024-09-30T14:37:02","modified_gmt":"2024-09-30T18:37:02","slug":"top-10-msas-make-impressive-gains-in-2022","status":"publish","type":"blog","link":"https:\/\/www.construction.com\/blog\/top-10-msas-make-impressive-gains-in-2022\/","title":{"rendered":"Top 10 MSAs Make Impressive Gains in 2022"},"content":{"rendered":"<p><em><span class=\"TextRun SCXW121880310 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW121880310 BCX0\" data-ccp-charstyle=\"normaltextrun\" data-ccp-charstyle-defn=\"{&quot;ObjectId&quot;:&quot;26111da4-3ff6-4ef4-88a3-332a84c22ced|6&quot;,&quot;ClassId&quot;:1073872969,&quot;Properties&quot;:[469775450,&quot;normaltextrun&quot;,201340122,&quot;1&quot;,134233614,&quot;true&quot;,469778129,&quot;normaltextrun&quot;,335572020,&quot;1&quot;,469778324,&quot;Default Paragraph Font&quot;]}\">A <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW121880310 BCX0\" data-ccp-charstyle=\"normaltextrun\">breakdown<\/span><span class=\"NormalTextRun SCXW121880310 BCX0\" data-ccp-charstyle=\"normaltextrun\"> of c<\/span><span class=\"NormalTextRun SCXW121880310 BCX0\" data-ccp-charstyle=\"normaltextrun\">ommercial and multifamily construction<\/span> <span class=\"NormalTextRun SCXW121880310 BCX0\" data-ccp-charstyle=\"normaltextrun\">data <\/span><span class=\"NormalTextRun SCXW121880310 BCX0\" data-ccp-charstyle=\"normaltextrun\">in top US metropolitan areas<\/span><\/span><span class=\"EOP SCXW121880310 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/em><\/p>\n<p><span data-contrast=\"none\">The return of demand for apartments, condos and commercial real estate made 2022 a landmark year in the history of construction starts and brought considerable construction activity along with it.<\/span><\/p>\n<p><span data-contrast=\"none\">We started the year publishing our Top 10 MSAs list for 2022 and already at the end of Q1, there were a few shakeups. Most notably: Los Angeles broke into the top 10, edging out Seattle.<\/span><\/p>\n<p><span data-contrast=\"none\">Combined, the metropolitan areas of New York; Dallas; Washington, DC; and Miami accounted for<\/span> <span data-contrast=\"none\">almost half of the commercial and multifamily starts across the top 16 metropolitan areas last year \u2014 meaning these cities are ready for droves of people to move in and call it home. New York led the pack with an impressive $37.8 billion, which accounts for roughly 12% of all US commercial and multifamily starts.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25573\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/07\/Top-10-MSAs-v2.jpg\" alt=\"Top 10 MSAs V2\" width=\"2100\" height=\"1350\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/07\/Top-10-MSAs-v2.jpg 2100w, https:\/\/www.construction.com\/wp-content\/uploads\/2023\/07\/Top-10-MSAs-v2-300x193.jpg 300w, https:\/\/www.construction.com\/wp-content\/uploads\/2023\/07\/Top-10-MSAs-v2-1024x658.jpg 1024w\" sizes=\"auto, (max-width: 2100px) 100vw, 2100px\" \/><\/p>\n<p><span data-contrast=\"auto\">While the top MSAs shows a return to major metros like NYC, it simultaneously presents a different story for other metros. Beacon metros on either coast show the impact of high living costs in those parts of the country. Demand was in decline in Los Angeles and Boston as more people moved out to the suburbs. <\/span><span data-contrast=\"none\">Secondary metros and suburbs can be cheaper than the cities they surround; LA and Boston were the only two metros in the top 16 to see declines in commercial and multifamily construction starts in 2022. And, as we pointed out, LA still broke over Seattle; affordable or not.\u202f<\/span><\/p>\n<p><span data-contrast=\"none\">Moreover, the data indicates that not only were people leaving bigger metros, but they were also moving to more affordable states like Texas. When looking at Texas metros, the influx of people is bolstering the very robust increases seen in Dallas, Austin and Houston across 2021 and 2022.<\/span><\/p>\n<p><span data-contrast=\"none\">It\u2019s a competitive climb to the top 10. And it will remain so: commercial and multifamily starts across the top 16 metropolitan areas improved 30% in 2022, up substantially from 18% growth in 2021.<\/span><\/p>\n<p><span data-contrast=\"none\">The second half of the year is shaping up to be a challenging one.<\/span> <span data-contrast=\"none\">Be sure to check back soon for the MSA data mid-year update to see which cities entered \u2014 or fell out of \u2014 the top 10 in the first half of 2023.<\/span><\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-25570","blog","type-blog","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Top 10 MSAs Make Impressive Gains in 2022 | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"The top 10 metropolitan statistical areas (MSAs) saw significant construction growth in 2022. 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We started the year publishing our Top 10 MSAs list for 2022...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/blog\/25570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/types\/blog"}],"wp:attachment":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media?parent=25570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}