Leading apartment developers in the U.S. 2020

With 8,525 unit starts in 2020, Greystar Real Estate Partners was the leading apartment developer in the United States. This was about 800 units more than Alliance Residential that ranked second.

Helping to meet the housing demand in the U.S.

Unit starts – also known as housing starts – refer to the number of new residential construction projects on which ground has already been broken. In the United States, the number of multifamily housing starts, which includes the development of apartments, has been increasing in the last ten years. In comparison, the number of single-family housing starts in the United States was much higher at 876,000 units in 2018.

Apartment living increases in popularity

Alliance Residential is a real estate company that specializes in the development, construction, and management of multifamily residential properties. The number of completed multifamily housing units in the United States was around 274,000 in 2018, with apartment demand accounting for the greatest share of that figure. The average size of a newly built apartment in the United States was 941 square feet in 2018, an area that has declined by around 50 square feet since 2008.