In 2017, Axiometrics has identified that 7,584 apartment units will be delivered to Florida’s metropolitan statistical area (MSA) covering Orlando-Kissimmee-Sanford.

Marcus & Millichap forecasts Orlando vacancy drop .2 percent between 2016 and 2017, ending the year at 3.2 percent.

Orlando was among markets to see the strongest rent increases in the first quarter of 2017, according to CBRE, in the 4-5 percent range. The other cities to see this level of rent growth during the first quarter were Houston, Seattle, Salt Lake City and Honolulu.

The MSA comprising Boston-Cambridge-Newton, Mass.-N.H. will see 7,758 units come on-line in 2017, says Axiometrics. 

Marcus & Millichap forecasts a 3.3 percent vacancy rate for Boston in 2017, a slight uptick from 3.2 percent in 2016.

Eighth on the CMI list is Chicago. This distribution, transportation and finance hub for Midwestern and Central U.S. has attracted a number of Bay Area tech firms over the last five years, which occupy 1.5 million sq. ft. of office space in the Windy City. Chicago boasts a highly diversified industry base and is home to a nascent, but quickly growing, high-tech cluster in its central business district (CBD). A notable foundation for its future success can be attributed to the considerable strength of the local universities, which help feed the city’s very large and growing educated labor pool.

Developers have 3,500 new hotel rooms under construction in Nashville. That makes it the fifth busiest market for hotel development in the country, according to CoStar.

That includes three projects with more than 400 rooms near a new convention center in downtown Nashville. “They are taking advantage of the economic growth in Nashville and the new infrastructure,” says Myers.

Austin is number 10 on CoStar’s list of top markets for new development.

Developers had 13,991 new units of multifamily housing in some phase of the development process in Austin in the third quarter of 2018, according to CoStar. That works out to 6.7 percent of the current inventory.

MPF counts 10,282 new rental apartments under construction in the Austin-Round Rock metro area. That’s equal to 4.3 percent of the inventory across the broader metro area, making it number eight on MPF’s list of top markets for new construction.

Developers opened enough new apartments in downtown Denver over the year that ended in the second quarter 2018 to make it the third busiest neighborhood in the country for new construction, according to Marcus & Millichap, which counted 3,447 units in the downtown, Highlands and Lincoln Park neighborhood.

Reis also counted 995 new apartments in the main downtown area. That’s a 23.6 percent increase in local inventory, which makes the neighborhood the fourth busiest in the country for new apartment development, according to Reis.

Developers will be busy in central Denver for years to come, with 4,047 new apartments in some stage of the construction process. That’s an 11.5 percent increase to the inventory in the Five Points, Capitol Hill and Cherry Creek area as measured by RealPage, a provider of property management software and services.

The California district embodying Los Angeles-Long Beach-Glendale will see 11,491 units of inventory delivered.

Los Angeles vacancy will be just 2.6 percent by the end of 2017, down from 2.9 percent in 2016, according to Marcus & Millichap.

Seattle is also a magnet for expanding Bay Area tech firms, which have leased 3.5 million sq. ft. of office space here, according to the CBRE’s MarketFlash report. Significant demand from growing tech companies is continuing to boost economic momentum and real estate investment activity. With more than 60 percent of the office space in the city currently being sought by tech tenants, conditions bode well for continued strong performance of Seattle’s office sector. Tech tenants’ ongoing need for additional space has driven up office rents and has placed a premium on centrally located offices with high-end amenities and transit accessibility.

By the end of 2017, there will be 12,065 more units delivered to the MSA comprising Washington-Arlington-Alexandria, Washington, D.C.-Va.-Md.-W. Va.

By the first quarter, about 3,400 units have already been delivered to and absorbed by Washington, D.C., according to CBRE. Marcus & Millichap forecasts 4.4 percent vacancy by the end of 2017. In 2016, it was 3.9 percent.

A diverse economy has added 500,000 new jobs to Dallas in the last five years. “The economy is consistently among the fastest-growing in the country,” says Jeff Myers.

The strong economy is attracting developers, who have 5,300 new hotel rooms under construction here, according to CoStar. That makes Dallas the third busiest market for new hotel development.

For example, one the largest hotel projects in the city is a new, 300-room Hyatt Regency hotel, which is within a mile of new corporate campuses for J.P. Morgan Chase and Toyota, each with more than a million sq. ft. of space.

“The market has seen a pretty good amount of supply, but demand has held up well,” says Bowers.