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15 Apr, 2024
Analysis | Latest
Supply Growth Zooms for Top CBSAs
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Written by James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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These three Markets (within the top 50 CBSA’s) have seen the most % supply growth in 2024 so far!

Little Rock-North Little Rock-Conway, AR– a market with over 760,000 people and a square ft/capita of 12.47 has seen 2.5% supply growth in 2024 so far. This is significant because 6% of supply was added in 2023. It will be interesting to see how much more supply in added in this market throughout the rest of 2024.

Virginia Beach-Norfolk-Newport News, VA-NC– a bustling market with over 1,750,000 people with a square ft/capita of 9.74 has seen 1.3% supply growth in 2024 so far. This is coming after 1.2% of supply was added in 2023.

Kansas City, MO-KS– with almost 2,250,000 people and a square ft/capita of 7.02 has had 1.3% supply growth in 2024 so far. With 2023 having 2.6% supply growth, this will be a market to keep an eye on to see if supply continues to come online throughout the rest of the year.