This week the Radius+ team looked at supply growth across New York. Each figure below is new supply delivered that year as a percentage of that market’s total supply. Most of the state has gone quiet. Three markets are still building, each for a different reason.

Albany-Schenectady-Troy, NY

2023: 0.9%

2024: 3.1%

2025: 2.6%

2026: 2.7%

Albany has added supply every year since 2020, including 3 facilities at 2.7% in 2026. No single year stands out, but it compounds. The semiconductor cluster is driving it. GlobalFoundries committed $11.6 billion to expand in Malta, and the NY CREATES Albany NanoTech Complex anchors the National Semiconductor Technology Center. Steady deliveries into real job growth is a healthier setup than a single wave.

New York-Newark-Jersey City, NY-NJ

2023: 4.8%

2024: 4%

2025: 2.2%

2026: 1.8%

The greater metro area has delivered 17 facilities this year, more than the rest of the state combined. The trend matters more than the total. Deliveries have dropped from 42 facilities in 2022 to 17 this year. Land and construction costs plus a tough entitlement environment have slowed the pipeline. That is a headwind for developers and a tailwind for anyone already operating here.

Syracuse, NY

2023: 4.4%

2024: 6.2%

2025: 0%

2026: 0.7%

Syracuse is the one to watch, not the one building. Seven facilities delivered in 2024, then the market went quiet, with three small facilities in 2026. Micron broke ground in January on a $100 billion, four-fab campus in Clay, backed by $6.1 billion in CHIPS funding and up to $5.5 billion in state credits. First output is not until 2030, but construction hiring ramps well before that. The 2024 supply has had two years to lease up.

Gloversville at 12.4% and Binghamton at 9.4% both rank higher this year, but both are small markets where one or two facilities move the number.

2026 figures are year to date as of September, 2026.