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New apartments in the Bronx set for a steep decline after 2024

Supply wave, which boosted new inventory over the past two years, is set to dissipate
New apartment properties in the Bronx, like Lincoln at Bankside, defined the supply wave of the past two years. (CoStar)
New apartment properties in the Bronx, like Lincoln at Bankside, defined the supply wave of the past two years. (CoStar)
CoStar Analytics
December 9, 2024 | 10:24 P.M.

Due to heavy industrial zoning, a lack of retail near buildable land, and New York City's lowest median incomes, developers have historically shied away from the Bronx.

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