Q4 2020 New Building Construction Pipeline Report

There were 1,760 total new building filings for 2020, representing the lowest figure the City has seen since 2012 as the real estate industry began to recover from the 2009 financial crisis. With a 9.94% decline year-over-year, 2020 is the fourth consecutive year the annual total number of new building filings dropped. This reflects a more significant year-over-year decline compared to 2019, which showed only a 1.94% dip.