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Charlotte among U.S. leaders for 2020 apartment construction

By Charlotte Business Journal

Uptown skyline Coronavirus CHARLOTTE, NORTH CAROLINA - APRIL 07: A general view of the empty streets during the coronavirus (COVID-19) pandemic on April 07, 2020 in Charlotte, North Carolina. The State Department of Health and Human Services has reported more than 3,200 confirmed cases of the virus. (Photo by Streeter Lecka/Getty Images) (SL/Getty Images)

By Charlotte Business Journal

CHARLOTTE, N.C. — Charlotte was one of the top markets in the U.S. for apartment construction in 2020 as developers attempt to meet residential demand in the fast-growing region.

The city just barely edged out Raleigh — but trailed other Southeast counterparts such as Atlanta and Nashville, Tennessee — in construction starts, according to RealPage Inc., a Richardson, Texas-based real estate software firm. In total, the region saw 6,603 construction starts, which ranked No. 13 in the nation.

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Raleigh came in at No. 14 with 6,556 starts. Dallas landed in the top spot, followed by Phoenix and Washington, D.C.

Click through this slideshow to see how North Carolina’s two largest cities stacked up with apartment construction compared to other major U.S. metros. 

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