According to a new study from COMMERCIALCafé, Dallas leads the way as the city in the United States with the highest potential for urban infill development. The results are based on the total developable vacant land available in each city’s central business district.
Dallas has a total of 86.37 acres of developable land in its central business district, 11 more than the second place city of Las Vegas, which has 75.16 acres. Austin (70.72), San Antonio (42.39), and Phoenix (31.03) round out the top five.
An additional COMMERCIALCafé survey asked individuals living in the top 25 cities what they want to see built in their city’s urban core and what they felt the city needs most. Affordable housing was the most common answer for what a given respondent’s city needs at 82%. Housing and parks were the most desired improvements at 77%. Additionally, walkability was the top infrastructure improvement highlighted in all 25 cities.
Click here for the full study.
Related Stories
Market Data | Jun 3, 2019
4.1% annual growth in office asking rents above five-year compound annual growth rate
Market has experienced no change in office vacancy rates in three quarters.
Market Data | May 30, 2019
Construction employment increases in 250 out of 358 metros from April 2018 to April 2019
Demand for work is outpacing the supply of workers.
Market Data | May 24, 2019
Construction contractors confidence remains high in March
More than 70% of contractors expect to increase staffing levels over the next six months.
Market Data | May 22, 2019
Slight rebound for architecture billings in April
AIA’s ABI score for April showed a small increase in design services at 50.5 in April.
Market Data | May 9, 2019
The U.S. hotel construction pipeline continues to grow in the first quarter as the economy shows surprising strength
Projects currently under construction stand at 1,709 projects/227,924 rooms.
Market Data | May 9, 2019
Construction input prices continue to rise
Nonresidential input prices rose 0.9% compared to March and are up 2.8% on an annual basis.
Market Data | May 7, 2019
Construction costs in major metros continued to climb last year
Latest Rider Levett Bucknall report estimates rise at more than double the rate of 2018 Growth Domestic Product.
Market Data | Apr 29, 2019
U.S. economic growth crosses 3% threshold to begin the year
Growth was fueled by myriad factors, including personal consumption expenditures, private inventory investment, surprisingly rapid growth in exports, state and local government spending and intellectual property.
Market Data | Apr 18, 2019
ABC report: 'Confidence seems to be making a comeback in America'
The Construction Confidence Index remained strong in February, according to the Associated Builders and Contractors.
Market Data | Apr 16, 2019
ABC’s Construction Backlog Indicator rebounds in February
ABC's Construction Backlog Indicator expanded to 8.8 months in February 2019.
